Ctrip responds to Tianxun layoffs:organizational structure optimization will be carried out, and the industry is showing signs of early recovery
News on July 15, Skyscanner (Skyscanner) of Ctrip’s air ticket comparison search website announced a layoff of up to 20%and nearly 300 people.
In response, Ctrip said that due to the impact of the global epidemic, Skyscanner plans to take a series of measures to respond, including the optimization of the organizational structure. In this process, Skyscanner will also create about 60 new jobs, giving priority to existing employees. At present, Tian Xun notices that the tourism industry has shown signs of early recovery and is full of confidence in the industry’s vision.
Ctrip bought Tian Xun for about 12 billion yuan in November 2016. After the acquisition, Tian Xun’s performance on Ctrip helped visually. In the first quarter of 2017, Ctrip’s profit was 930 million yuan, and the profit in the first quarter of 2016 before the acquisition was 80 million yuan. In the second-quarter 2017 financial report, the head of Liang Jianzhang attributed Ctrip’s outstanding performance to the financial merger of Skyscanner.
Affected by the epidemic, Ctrip’s life is also not easy. In order to save himself, Liang Jianzhang traveled to 17 provinces in 3 months and started live streaming to bring goods. In the financial report released by Ctrip on May 29, the company’s revenue in the first quarter was 4.7 billion yuan, a year-on-year decrease of 42%. Revenue in the second quarter is expected to fall 67%-77%year-on-year. (Text | AI Finance Club Zhu Quanhong)