TripAdvisor to cut nearly 25% of workforce due to impact of coronavirus shutdown [MarketWatch]
TripAdvisor, Inc. (TRIP)
Last tripadvisor, inc. earnings: 2/12 04:02 pm
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US:NASDAQ Investor Relations:
ir.tripadvisor.com/investor-relations
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Source: MarketWatch
TripAdvisor Inc. announced Tuesday it would eliminate nearly a quarter of its workforce due to the economic hit caused by the coronavirus shutdown. In a blog post, co-founder and Chief Executive Steve Kaufer said more than 900 employees will be laid off -- mostly in the U.S. and Canada -- and "a number" of employees will be furloughed, while most other salaried workers will be asked to take a 20% pay reduction and reduced work schedule through the summer months. "Sometimes, the most valiant of efforts aren't enough to counter outside circumstances and, as a public company, it is our responsibility to adjust, adapt and evolve to the environment that surrounds us," Kaufer wrote in a letter to employees, noting the company had already undertaken two rounds of cost reductions. "As CEO, you plan for the best and worst case outcomes that could affect our business. Unfortunately, there is no playbook for this moment that we're in together right now." Kaufer thanked all his employees for thei
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TRIP
News
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- TripAdvisor (NASDAQ:TRIP) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- TripAdvisor (NASDAQ:TRIP) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
TRIP
Earnings
- 11/6/25 - Beat
TRIP
Sec Filings
- 11/20/25 - Form 4
- 11/20/25 - Form 3
- 11/18/25 - Form 4
- TRIP's page on the SEC website