Hopper

Online travel agency Hopper conducted its second major reorganization in just over a year this month, resulting in 60 to 65 layoffs, which represents approximately 10% of its workforce. The restructuring particularly impacted the direct hotel team, with about 20 employees affected, a move largely driven by Expedia's decision to restart supplying hotels to Hopper, which made those roles less critical. The company is now focusing on strategic realignment to streamline operations and enhance efficiency in the competitive online travel industry.

Hopper, an online travel and fintech company, laid off approximately 250 employees, representing 30% of its full-time workforce, in a move to achieve profitability. The company, which had raised $730 million, faced unsustainable burn and growth rates. The cuts align with efforts to enhance its travel app and B2B operations, while also focusing on building direct global hotel supply. This shift became more urgent after Expedia Group removed its hotel inventory from Hopper in July. The layoffs reflect broader challenges in the travel industry as companies adjust to market pressures.

Hopper on 2020-04-06.