Tripadvisor has laid off 900 employees, about 25% of its workforce, as a result of the Covid-19 pandemic.

CEO Steve Kaufer told employees that in addition to the layoffs, most salaried employees have been asked to move to a four-day work week and a 20% reduction in salary for three months starting in June. The 401k matching program in the U.S. has been paused and Tripadvisor’s offices in San Francisco and downtown Boston have been permanently closed.

About 600 of the laid-off employees work in the U.S. and Canada. All of the laid-off workers will receive severance pay and outplacement support. In the U.S. and Canada, they will also receive health insurance for a period of time.

A number of Tripadvisor and Viator employees were furloughed, Kaufer said, but did not offer a firm number.

These measures are in addition to previously announced cost-saving initiatives, like Kaufer declining a salary for the remainder of 2020 and hundreds of furloughs in Europe.

“This three-phased plan was deliberately and painfully deep to make sure we will survive a prolonged and protracted downturn,” Kaufer said. “Or said more simply, we don’t think we’ll need to do another broad global layoff, even if the recovery takes longer than expected.”


From Our Partners

From Our Partners

Seabourn Updated Logo
Rediscovering Seabourn’s Extraordinary Worlds
Register Now
Hawaiian Airlines Airplane
Hawaiian Airlines
Read More
2021 Club Med Webinar
Club Med: Rebounding with Worldwide All-Inclusives
Register Now

JDS Travel News JDS Viewpoints JDS Africa/MI