Skift Take
Big tech companies everywhere have been dropping staff, and now it's Sabre's turn. This may also be a result of a permanently changed travel industry post-pandemic and Sabre's effort to keep up.
Sabre is cutting 15 percent of its workforce, part of an effort to save $200 million annually.
Sabre previously reported that it had employed nearly 7,500 people at the end of 2022.
The announcement came during an earnings call Thursday morning, the first for Kurt Ekert since he was named CEO in March.
“As a new CEO, it pains me to take these steps, especially so early in my time in the role,” Ekert said during the call. “I do not take this decision lightly, especially given the immense respect that I have for all of my Sabre colleagues around the world. However, I am confident that these actions will better position us for the future and put us on a direct path to achieving our financial and strategic targets.”