Sabre to cut 900 jobs worldwide following second quarter loss

Sabre To Cut 900 Jobs Worldwide Following Second Quarter Loss

Sabre to cut 900 jobs worldwide following second quarter loss

Travel tech giant Sabre is actually to lay off more than 900 workers, amounting to more than nine per cent of its total global workforce.

Sabre To Cut 900 Jobs Worldwide Following Second Quarter Loss

The news comes following a $6.5 million second-quarter loss at the company.

Sabre To Cut 900 Jobs Worldwide Following Second Quarter Loss

In a statement, the Texas-based company said the item hoped the downsizing could result in $110 million in savings by next year.

Sabre To Cut 900 Jobs Worldwide Following Second Quarter Loss

The statement added: “Today, Sabre announced an initiative to streamline in addition to focus the business through reorganising certain functions, reducing layers of management, in addition to lowering costs to enable a more nimble, faster moving in addition to focused organisation.

Sabre To Cut 900 Jobs Worldwide Following Second Quarter Loss

“Over the last several months, we have had an open in addition to ongoing conversation with our customers, employees in addition to investors about our need to prioritise our product offerings in addition to investment strategies.

Sabre To Cut 900 Jobs Worldwide Following Second Quarter Loss

“the item will enable Sabre to meet targets for 2017.”

Sabre To Cut 900 Jobs Worldwide Following Second Quarter Loss

Sabre posted a revenue jump of 6.6 per cent to $900 million for quarter two of 2017, ahead of analyst forecasts.

Sabre to cut 900 jobs worldwide following second quarter loss

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