Hopper Cuts 30% of Staff in Bid to Get Profitable [Video]

Hopper, the fast-growing online travel and fintech company, cut 30% of its full-time staff — around 250 employees — in a bid to get profitable, according to a published report.

A spokesperson for the company told Skift the job cuts came in tandem with the twin goals to boost the company’s travel app and B2B businesses, along with being “laser-focused on continuing to build our direct global hotel supply.”

That latter objective became more of a priority when in July Expedia Group removed the hotel inventory it had been supplying to Hopper, and this may have been around half of Hopper’s global supply.

“We needed to make organizational changes to properly support these two critical business objectives,” the Hopper spokesperson said. “Unfortunately, we made the difficult decision to eliminate a number of roles as part of this reorganization. We are deeply grateful to the colleagues we had to part with for their hard work and dedication.”

The Canadian-based Globe and Mail broke the story…