Agoda, the Asian online travel agency and metasearch engine has shed 1500 staff in a major downsizing brought on by the impact of the coronavirus pandemic. The cuts equate to more than a third of the company’s regional payroll believed to be 4000.
“Before getting to this decision we took aggressive measures and every opportunity to reduce costs across the business. Staff reductions will always be the last resort, but we have had to make this very difficult decision. The truth is that while we are seeing some signs of recovery in our core markets in Asia-Pacific, the impact of Covid-19 on the travel industry is deeper and will be more prolonged than we could have envisaged.” – CEO, John Brown
