Sabre cutting 900 jobs, reports 2Q loss
Aug 07, 2017
Sabre said it is cutting 9 percent of its global workforce to lower costs. It also reported a second-quarter loss of $6.5 million, compared with a profit the year before.
Sabre, a provider of technology services to the travel industry, had 10,000 employees at the end of 2016, so the cuts amount to about 900 jobs.
The job cuts are part of a cost-trimming and reorganization program that the company said will save $110 million a year.
Sabre said its revenue rose 6.6 percent to $900.7 million in the period. It expects full-year revenue in the range of $3.54 billion to $3.62 billion.
Get the full story at The New York Times
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