Travel review site TripAdvisor is to lay off almost a quarter of its workfoce due to the Covid-19 pandemic.
In a blog post, CEO and co-founder Stephen Kaufer said that of the 900 staff being made redundant, 600 are in the US and Canada.
Most of the remaining staff have been asked to take temporary pay cuts and work reduced hours over the summer.
In the blog post, Kaufer said the company had also reduced discretionary spending, cut ‘non-essential’ vendor relationships and imposed a hiring freeze.
"As CEO, you plan for the best and worst case outcomes that could affect our business," Kaufer wrote. "Unfortunately, there is no playbook for this moment that we’re in together right now."
