Travel Management Companies Cut Jobs In Face Of Coronavirus Impact On Corporate Travel Demand

Multiple corporate travel agencies said they had made the difficult decision to lay off employees as a result of the coronavirus-related drop in corporate travel. It's a worst-case scenario mere weeks removed from a years-long phase in which travel management companies struggled to find talent, especially travel agents.

TMCs contacted this week by The Company Dime also are reducing employee hours, offering unpaid time off, cutting compensation, freezing new hiring and trimming expenses . . .

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Author: David Jonas

David Jonas in 2006 co-founded business media firm ProMedia.travel after ten years as a journalist with Business Travel News. David rejoined BTN in 2010 as executive editor when its parent company acquired ProMedia, and in 2014 co-created The Company Dime. David has a bachelor's degree in communications from Cornell University.

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