Sabre on Tuesday said the company will cut its global workforce by approximately 9% "to streamline and focus the business."

According to documents on the company's website, Sabre has nearly 10,000 employees in 65 countries, meaning the cuts will amount to about 900 employees.

In its second-quarter earnings release, Sabre said the initiative will reorganize functions of the business, reduce management and lower costs "to enable a more nimble, faster moving and focused organization."

Sabre expects the cuts will result in about $110 million of annual savings. On Sabre's second-quarter earnings call, CEO Sean Menke said the total expected savings breaks down to a $60 million reduction in cost of revenue and a $50 million reduction in selling, general and administrative expenses.

The initiative will enable Sabre to meet its financial targets for 2017, he said, and to account for slower growth projected in its Airline Solutions business in 2018.

In the second quarter, Sabre reported a 6.6% decrease in adjusted net income, to $97 million.

Total revenue was up 6.6%, to $900.7 million. Airline Solutions and Hospitality Solutions revenue was up 7.8%, while Travel Network revenue was up 6.3%.

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