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Expedia To Cut 12 Pct. Of Staff

PYMNTS

About 500 jobs will be cut from the company’s headquarters in Seattle. A group of nine top Expedia executives dubbed the “Travel Leadership Team” admitted that the decision to cut jobs was “difficult” and that “travel is intensely competitive and demands our very best leadership.”.

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Upset Over Expedia’s Strategy Triggers CEO, CFO Resignation

PYMNTS

Barry Diller, chairman of the board, and Peter Kern, vice chairman and director, will oversee the company’s executive leadership team. Diller distributed a memo to employees, calling the leadership changes an “unfortunate and difficult situation” but also a “new beginning” for Expedia. Shares of Expedia climbed as much as 8.6

Strategy 130
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Amazon HQ2 Posts First Jobs

PYMNTS

“Our expansion in HQ2 will allow ICC to meet its ever-increasing staffing needs, and provide the engineering leadership necessary across all of the other Amazon teams we work with that will also establish a base in HQ2 in the future,” according to the job descriptions. It will ultimately reach 25,000 by 2028.

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Expedia Reportedly Near Deal To Sell $1B Stake To Silver Lake And Apollo

PYMNTS

Well-known private-equity firms Silver Lake and Apollo are poised to buy a $1 billion minority stake in Seattle-based travel listing giant Expedia Group Inc., In the meantime, Diller — long a media visionary — has been filling the position as new leadership is sought. according to The Wall Street Journal.

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Highspot Secures $60M In Funding Round Led By ICONIQ Capital

PYMNTS

The new funds will be used toward Highspot’s global expansion, as well as further extend its technology leadership in the sales enablement category. It has been predicted that by 2021, 15 percent of all sales technology investments will be applied to sales enablement technology, an increase from 7.2 percent in 2017.

Capital 108
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Reflect And Pivot: Enduring Strength For Difficult Times

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In January, I moved to Singapore from Seattle to open Ekata’s new Asia-Pacific office — exactly when this global pandemic started to ramp up. This includes something as unthinkable as the coronavirus. My personal story is as complicated as any. Things we are considering at Ekata: Human vs. Digital.

Seattle 130
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Starbucks Announces Its CFO Is Retiring

PYMNTS

The Seattle-based company said in a regulatory filing that it had launched an external search for a replacement for Maw, who will become a senior consultant until March 31, 2019. According to Reuters , the surprise departure sent the coffee shop chain’s shares down 2.61 This is Starbucks’ second recent high-profile departure.

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