TravelCA

Hopper Layoffs

October 2023

Hopper announced a layoff affecting 250 employees (30% of its workforce) in October 2023. The company operates in the Travel sector.

People Affected

250

Percentage

30%

Announced Date

Oct 4, 2023

About

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.