(Reuters) -On-line journey company Reserving.com might lower jobs as a part of a overview of its organizational construction, it mentioned on Saturday.
The corporate, a unit of Reserving Holdings (NASDAQ:), mentioned in an emailed assertion that it was within the early levels of the overview course of and no agency resolution had been made.
“This is a difficult but necessary proactive step to make sure Booking.com remains agile in a very competitive industry and keeps driving customer-centered innovation at pace,” it mentioned within the assertion.
As of the top of 2023, Reserving Holdings employed about 23,600 folks, in line with its annual report, which didn’t present figures for Reserving.com.
Reserving Holdings, in a submitting with the U.S. Securities and Alternate Fee on Friday, mentioned it anticipated to supply extra particulars on timing, probably impression on workers and financials from the reorganization “in due course”.
An organization spokesperson mentioned the overview was particular to Reserving.com and never its different manufacturers, resembling Priceline, Agoda, Kayak and OpenTable.
The adjustments come solely days after Reserving Holdings posted a 13.6% bounce in working bills for the third quarter.
“We believe these efforts will improve operating expense efficiency, increase organizational agility, free up resources that can be reinvested into further improving our offering to both travelers and partners,” it mentioned within the submitting.
Reserving Holdings added it could additionally modernize processes and methods and optimize procurement as a part of the organizational adjustments.