Everything they do has to do with cash flow and layoffs improve cash flow.
Topics regarding layoffs at Travelport
I used to work for Travelport. I talked to my previous co-worker and they have been layoff. They will be to work to early December 2020. Travelport is a sinking ship. I would not recommend anyone working there.
This company is done. Theres no money. They wont even be able to afford to pay people at 40% at this rate for too much longer. Its over.
Management restructure planning date is week commencing 16-Sep, with mid-management and staff to follow 6 weeks hence. No word on whether there will be a call for volunteers. New management team, same script - let's cut our way to success . ... — read more
Didnt take Elliot Associates long. I wonder how many people it will be this time. Time to go.
They laid off 500+ employees as they are outsourcing all technology jobs to TCS. Also they are hiring H1B employees at less pay.
Little over 1 year public and 250+ technology team members to be let go by EOM .... and 25% eligible for retirement next year and early 2018.
There are dozens of companies on this site that got affected by Private Equity raiders - they come in, lay people off, load companies with debt, pay out cash and leave. They produce nothing, Blackstone as well as others (like TPG) are leaches... — read more
they killed us
Another Blackstone victim: Private Equity Makes Big Changes At Travelport 9 August, 2007 by Martin Kelly Ever wondered how those private equity companies we’re hearing so much about make their money? Here’s a great story by Ianthe Jeanne Dugan on the... — read more