- 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.