Wednesday, 29 April 2020

Tripadvisor to Close Boston Office, Lay Off 25 Percent of Workers

An online travel company that is used in part for restaurant information is making some serious cuts due to the COVID-19 pandemic.

According to an article from NBC 10 Boston, Tripadvisor is closing its Boston office and laying off 900 workers, or approximately 25% of its total workforce. The post mentions that the company will also be shuttering its San Francisco office as well, while also saying that remaining workers in the Boston area will be able to work either remotely or out of its Needham headquarters.

In the article, Tripadvisor CEO and co-founder Steve Kaufer explains in a statement why the cuts are needed, saying that "Since mid-to-late February, COVID's impact on the travel industry and our business has slowly revealed itself day by day. The pandemic has had an impact on the economy that no one expected. Our personal and professional lives have changed in profound ways." Kaufer will be forgoing his salary for the rest of 2020, according to NBC.

by Marc Hurwitz (Also follow us on Twitter at @hiddenboston)


[A related post from our sister site (Boston's Hidden Restaurants): List of Restaurant Closings and Openings in the Boston Area]

0 comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Online Project management