Tripadvisor announced today that it will lay off 900 employees, or roughly 25% of its workforce, because of the coronavirus pandemic's impact on demand for travel.
More than 600 employees working in the US and Canada and nearly 300 employees working outside those two countries will be affected.
The company also said it would put a "number" of employees on furlough for an unspecified time and shutter its San Francisco and Boston offices.
"All of these actions, while difficult, will give TripAdvisor greater financial flexibility and enable us to better manage the business through this time of incredible uncertainty and instability," CEO Steve Kaufner said in an open letter.
TripAdvisor's stock is down 40% for the year.