Skift Take
You can see Tripadvisor's priorities crystal clear in where its restructuring occurred. The Tripadvisor Core segment took the heaviest hit, and Viator was impacted the least.
Tripadvisor laid off around 125 employees, or 4% of its workforce, in the third quarter and the company said last week that additional job trims will take place before the end of the year.
In certain European countries, for example, companies must carry out a process with unions or works councils before they can fire employees. So some employees targeted in the job cut process in the second or third quarter won't actually leave Tripadvisor until the fourth quarter.
"As of September 30, 2023, the Company had nearly 3,000 employees, which includes employees that are currently the subject of local law and country-specific consultation processes, a decrease of approximately 4% when compared to the second quarter of 2023," Tripadvisor stated in a financial filing last wee