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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Booking Holdings Inc.    BKNG

BOOKING HOLDINGS INC.

(BKNG)
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Booking : com plans to cut workforce by a quarter

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08/04/2020 | 07:42am EDT
A man walks past the new Booking.com customers site in Tourcoing

Booking Holding Inc., the U.S.-based company that owns travel website Booking.com, intends to reduce its 17,000 work force by 25% as a result of business lost during the coronavirus pandemic, it said on Tuesday.

A company spokeswoman confirmed a report in Dutch newspaper NRC Handelsblad that had cited an internal video sent to staff by chief executive Glenn Fogel.

In an e-mail response to questions, Booking said it was trying to save as many jobs as possible.

"Unfortunately, as a result of the crisis, we, like so many other travel companies, need to take the extremely difficult step to reduce our global workforce, with up to 25% of the global employee base intended to be impacted."

The Nasdaq-listed company is based in Norwalk, Connecticut, and has a major office in Amsterdam, Netherlands, where it employs 5,500.

(Reporting by Toby Sterling, editing by Louise Heavens and Jane Merriman)


Stocks mentioned in the article
ChangeLast1st jan.
BOOKING HOLDINGS INC. 1.76% 1823.55 Delayed Quote.-11.21%
NASDAQ COMP. 0.37% 11548.281629 Delayed Quote.28.71%
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Financials (USD)
Sales 2020 7 568 M - -
Net income 2020 373 M - -
Net Debt 2020 145 M - -
P/E ratio 2020 170x
Yield 2020 -
Capitalization 74 672 M 74 672 M -
EV / Sales 2020 9,89x
EV / Sales 2021 6,33x
Nbr of Employees 25 000
Free-Float 64,2%
Chart BOOKING HOLDINGS INC.
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Booking Holdings Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends BOOKING HOLDINGS INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 1 972,44 $
Last Close Price 1 823,55 $
Spread / Highest target 64,5%
Spread / Average Target 8,17%
Spread / Lowest Target -15,0%
EPS Revisions
Managers
NameTitle
Glenn D. Fogel President, Chief Executive Officer & Director
Robert J. Mylod Chairman
David Ian Goulden Chief Financial Officer & Executive Vice President
Jeffery H. Boyd Director
Thomas E. Rothman Independent Director
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