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 . . .

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Jay Campbell

Before starting The Company Dime with David Jonas in 2014, journalist Jay Campbell a decade earlier created travel business newsletter The Beat. In 2006, Jay co-founded Travel Procurement magazine and in 2010 helped integrate them with Business Travel News. He served as BTN's 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. He would be happy to connect on LinkedIn. He's here at CorporateTravel.social on Mastodon.