Layoffs Hit Travelport's Commercial Organization

Travel retail platform Travelport has laid off an undisclosed number of employees in its commercial organization.

A company spokesperson said the reduction is across all regions but it is not a companywide initiative and "it did not affect a material number of employees (percentage wise)."

"Travelport is focused on driving revenue growth while operating as efficiently and effectively as possible," said Katie Cline, Travelport's global head of external communications, in an email.

"As such, we're always reviewing our organizational structure to ensure we're as agile as possible. Now that we have successfully launched Travelport+ and upgraded the majority of our customers to the new platform, these changes will allow us to create and respond to innovation opportunities with even greater speed than our competitors."

In January, Travelport completed an equity financing transaction of $570 million that was initially announced in December.   

Travelport returned to private ownership in late 2018 following a $4.4 billion takeover by Elliott Management Corp. and others. The company had been listed on the New York Stock Exchange for almost four years and was valued at approximately $1.9 billion when it went public.

Originally published by PhocusWire.