Technology

Sabre to shed 900 jobs but ‘will continue to hire and grow’

Posted by Ben Irelandon
Sabre to shed 900 jobs but ‘will continue to hire and grow’

Sabre has confirmed that it is set to axe around 900 jobs and says the move is to “adjust staffing to meet business requirements”.

The global tech company has an annual revenue of around $3 billion worldwide.

In a statement, the Sabre said “the job reductions being implemented amount to approximately nine per cent” of its 10,000-strong workforce.

The statement said: “Since our IPO in 2014, Sabre has been on a successful growth and expansion path, increasing revenue, making strategic acquisitions.”

Sabre has added nearly 2,500 jobs since 2014 – which the company says was an increase of more than 30% since before it went public.

“We operate in a dynamic industry and remain focused on building out our core capabilities for continued growth and success,” the statement added. “From time to time we adjust staffing to meet business requirements and opportunities, just like any well-managed company must do.

“Over the last several months, we have had an open and ongoing conversation with our customers, employees and investors about our need to prioritize our product offerings and investment strategies.

“The job reductions being implemented amount to approximately nine percent of our existing workforce of 10,000, including the elimination of certain open positions. We will continue to hire and grow with a focus on skillsets and needs that reflect business priorities.”

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