|Bid||1,664.48 x 1400|
|Ask||1,667.53 x 800|
|Day's Range||1,635.34 - 1,680.00|
|52 Week Range||1,107.29 - 2,094.00|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||20.78|
|Earnings Date||Aug 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,681.20|
Booking.com is planning to lay off up to one quarter of its global workforce as the coronavirus pandemic continues to decimate travel demand.
Online travel services company Booking Holdings Inc. , formerly known as Priceline, said its Booking.com subsidiary plans to reduce its workforce by up to 25%, citing the impact of the COVID-19 pandemic on the travel industry. The stock was indicated down fractionally in the premarket. The company said it is working with its works councils and employee representatives regarding the job cuts, and other cost reduction and restructuring actions. Booking expect to finalize its workforce reduction plans starting in September 2020. The stock has dropped 19.7% year to date through Monday, while the S&P 500 has gained 2.0%.
Later than any of its peers, Booking.com announced Tuesday it will be restructuring, and eliminating up to 25 percent of its global employee base, a number Skift estimated to be roughly 4,300 employees. Glenn Fogel, the CEO of both parent company Booking Holdings and Booking.com, is expected to tell Booking.com employees that Covid-19 hit Booking.com […]