Orbitz to have layoffs after tech overhaul

Orbitz executives spoke about the company’s broader cost cutting effort on a conference call with analysts after releasing its fourth-quarter earnings. “This is particularly important given the increasing competitive intensity in the online travel space.” It expects to take one-time charges of between $4 million and $5 million related to the cost reductions. They added another 6 percent on Friday and continued their climb in after-hours trade. Orbitz also said Friday that it is considering strategeic alternatives, including a possible sale of some or all of the Away Network.

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Orbitz confirms layoffs after tech overhaul

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