Southlake, Texas-based Sabre Corporation, a travel technology systems provider for air bookings in North America, has announced a broad restructuring effort and plans to lay off 15% of its workforce.
The reduction in force will impact 1,100 employees across all levels and functions and will take place before the end of the second quarter.
Kurt Ekert, President and CEO of Sabre, noted, "The travel industry continues to experience improvements in booking volumes each quarter, and we are optimistic that Sabre is poised for growth. We have put strategic plans in place designed to reposition our business, lean into new revenue opportunities while continuing to cultivate our core business, and strategically reduce our cost base.
We acknowledge that cost-reduction plans will impact team members around the world and are often the most difficult decisions a leader must make. We are confident, however, that by realigning our resources to drive growth, we will best position Sabre for long-term success and deliver value to our stockholders and our customers.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?