Sabre Layoffs
May 2023
Sabre announced a layoff affecting 1,100 employees (15% of its workforce) in May 2023. The company operates in the Travel sector.
1,100
15%
May 4, 2023
About
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.
Source
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