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Booking Holdings digs deep to save costs

Mar. 24, 2020 7:09 AM ETBooking Holdings Inc. (BKNG) StockBKNGBy: Clark Schultz, SA News Editor14 Comments
  • Booking Holdings (NASDAQ:BKNG) details some of the measures that it's taking to save cash during the travel meltdown.
  • The company is cutting non-essential business travel across the business, cancelling internal company events and offsites, dramatically reducing marketing spend worldwide, and implementing a general hiring freeze company-wide until further notice.
  • Booking CEO Glenn Fogel and the brand CEOs are also foregoing salaries during the the crisis, while the board has voluntarily declined to accept any cash retainer payments.
  • SEC Form 8-K
  • Shares of BKNG are up 3.29% premarket to $1,190.13.

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