(Bloomberg) — TripAdvisor Inc. is cutting a quarter of its workforce and closing offices in San Francisco and Boston in a bid to shrink costs as the coronavirus pandemic decimates travel.The Needham, Massachusetts-based company is eliminating 600 positions in the U.S. and 300 people in other offices around the world, Chief Executive Officer Steve Kaufer said in a statement Tuesday. Most remaining employees will be forced to take a 20% salary cut and be reduced to four-day work weeks for three months starting June 1.“These are the most difficult cost-saving decisions I have ever had to make,” Kaufer wrote in …read more
Source:: Yahoo Finance
