Travel tech company Sabre is embarking on a cost-cutting program that will culminate in the loss of 900 jobs – about 9% of its workforce. It appears the heaviest cuts will be made to middle management at the company strives for a flatter structure.
“Today, Sabre announced an initiative to streamline and focus the business through reorganizing certain functions, reducing layers of management, and lowering costs to enable a more nimble, faster moving and focused organization,” the company said while announcing its second quarter results.
It anticipated annual savings of $110 million of annual savings.
In the three months to June 30, 2017, Sabre’s operating income plummeted -86.8%.