Sabre Layoffs Reflect A Multitude Of Challenges

Sabre's new leadership is remaking the company. At the start of this month, they attributed a decision to lay off approximately 900 people to a desire to become faster and more efficient. They're attacking overhead. They're streamlining products in the division housing airline reservations and related systems.

Sometimes stocks go up on news about layoffs. Not this time. Some investors were not satisfied with Sabre's story. After opening trading on Aug. 1 at $23, the stock price fell to $19.50. It has fallen further since, starting off Thursday trading at $17.40, the lowest in . . .

The full content is available to subscribers

Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them with Business Travel News. He served as editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University.