Expedia Lays Off Undisclosed Number of Workers
Expedia has laid off an undisclosed number of employees in the wake of its acquisition of one-time rival Orbitz.
Expedia said in a Securities and Exchange Commission filing that employees will be cut from Chicago-based Orbitz as part of a restructuring resulting from a merger of the two companies.
Expedia, based in Bellevue, Wash., announced its proposal to buy Orbitz for $1.6 billion in February, continuing an acquisition spree in which the company has snapped up smaller travel companies. The deal closed in September.
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