Expedia Group announced it will be cutting approximately 1,500 jobs, nearly 10% of its workforce, as part of a significant restructuring effort following the resignation of its CEO earlier in the month. The layoffs, aimed at recalibrating the company's resources amidst moderating travel demand, are expected to significantly impact the Product & Technology division. Expedia, which had around 17,100 employees at the end of 2023, anticipates recording pre-tax charges and cash expenditures between $80 million to $100 million in 2024 due to this restructuring. The Seattle-based online travel giant has indicated that these layoffs are tied to its organizational and technological transformation. Additionally, Expedia's gross bookings rose 6% to $21.67 billion in the quarter, though this was below analysts’ estimates.