Around 90 employees at GetYourGuide are being let go as part of a program to reset the business in the midst of ongoing uncertainty in the travel industry.
This represents around a seventh of the overall headcount at the company.
Details as to where in GetYouGuide's business the redundancies will come have not been disclosed but no executives are understood to be departing.
Confirming the layoffs today, an official says: "We're at an inflection point in our journey, and have made adjustments to our workforce this week.
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"As our view of the market’s path to recovery has come into focus, it’s become clear that it was necessary for us to adapt our company to the present reality. Those leaving our ranks have our deepest gratitude, and those staying on will lean into each other and push forward."
The changes come six months after the company, which launched in 2009 and is the sector's most heavily backed brand with almost $660 million in funding to date, outlined how it had put a plan in place to avoid layoffs.
Speaking in April, chief operating officer and co-founder Tao Tao told PhocusWire that a survival plan had been crafted based on a combination of reducing expenses, adjusting forecasting and conserving cash, with an underlying objective of avoiding any layoffs for the company’s more than 700 employees in 17 offices around the world.
He added at the time: “This is a plan that predicts basically that 2020 is nonexistent. You cannot have less than zero bookings. So it’s a very conservative plan that we think is very strong,” he says.
“I think it’s dangerous to change the strategy and direction every week, [for example] just because you get new news about vaccines or not vaccines. Right now it’s important to be principled, and we’re doing that.”
Two weeks ago, during the WebInTravel Zero.0 virtual event, Tao noted the company had also decided to continue investing in key initiatives that would make it stronger in the knowledge that the pandemic would not last forever.
“We did not want to give up on the future. The technology and product teams are working tirelessly on digital product. That is how you delight customers and that will make customers come back," Tao explained.