Sabre, a major travel technology company, is laying off approximately 15 percent of its workforce, which translates to about 1,125 employees based on its reported total of nearly 7,500 at the end of 2022. The announcement was made by new CEO Kurt Ekert during an earnings call on Thursday, May 4, 2023. This restructuring is part of a broader effort to achieve $200 million in annual cost savings, reflecting the company's response to a permanently changed travel industry landscape following the pandemic and its need to realign for future financial and strategic goals.
