Navan, a travel and expense management startup, has laid off 5% of employees at the company, accounting for about 145 people.
07.12.2023 - 11:53 / skift.com / Edward Russell / Justin Dawes / Air France / Jennifer Homendy / Joseph Emerson / Etihad Airways
Good morning from Skift. It’s Thursday, December 7. Here’s what you need to know about the business of travel today.
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Navan, a travel and expense management startup, has laid off 5% of employees at the company, accounting for about 145 people, writes travel tech reporter Justin Dawes.
Kelly Soderlund, a spokesperson for Navan, said in an email that the layoff affected teams across departments. She said in a statement that Navan is “refocusing efforts to move faster toward profitability” as its enters the next phase of its company.
Navan has raised well over $1 billion in venture capital, most recently $154 million in October 2022.
Next, a summit about mental health highlighted the risk for pilots, writes airline reporter Edward Russell.
The issue received new attention in October after an Alaska Airlines pilot Joseph Emerson nearly brought down a plane while suffering a mental health crisis. Emerson said that he had experienced depression-like symptoms since the death of a friend in 2018 — some five years before the incident.
More than 55% of pilots have expressed reluctance to report mental health issues due to fear of career reprisals, according to researcher William Hoffman
Jennifer Homendy, chair of the National Transportation Safety Board, is firm that something needs to be done. She stated at the summit in Washington, D.C.: “There’s a culture right now, which is not surprising to me, that you either lie or you seek help. We can’t have that. That’s not safety.”
Finally, advertisements on Google by Air France, Lufthansa, and Etihad were banned for giving what the U.K.’s Advertising Standards Authority said was “a misleading impression” of their environmental impact, writes airline reporter Meghna Maharishi.
The ad by Etihad, for example, implied that customers can travel with “total peace of mind” regarding its environmental advocacy. The ASA said it did not have adequate evidence that that was true.
Etihad and Lufthansa took down the ads following the ruling. The ASA said Air France “did not provide a substantive response” to its ruling.
Navan, a travel and expense management startup, has laid off 5% of employees at the company, accounting for about 145 people.
All-in-one online travel platform, branded “BusinessToGo,” to meet corporate travel demand from small- and medium-sized enterprise (SME) businesses in the UK and France.
Citi and Navan will soon be marketing a co-branded travel and expense solution for Citi Commercial Bank cardholders. The tools, powered by Navan, initially will be available only in the U.S., the two companies announced Thursday.
Seattle will receive $5 million in funding next year to bring in more conventions to boost downtown tourism.
Travel brands are eager to profit from artificial intelligence, but they’ll likely encounter several obstacles.
Corporate travel agency Navan, like many other travel brands, is bullish on the potential of artificial intelligence to revolutionize the travel industry. But its CEO and co-founder, Ariel Cohen, warns travel companies looking to launch a generative AI-powered tool that the process is far from simple.
Expedia Group has completed another round of layoffs. Tript Singh Lamba, a senior vice president of the travel booking giant, sent an internal message about the layoffs last Thursday, which was obtained by GeekWire.
What have American Airlines, Sabre, Amex GBT, Tripadvisor, Expedia and many other big travel companies all got in common this year? Well, based on media reports, they’re all among major travel industry players that have made redundancy rounds of varying sizes this year, following in the footsteps of major tech firms last year. Meanwhile though the wider travel tech industry has suffered a skills shortage since the pandemic caused a mass exit of workers to other professions. Could the redundancies in the big travel companies be good news for the travel tech industry looking to hire? We asked a range of travel experts whether they thought the tables might now turn, or if we’re still going to face challenges in the longer term.
Big Tech companies are laying off tens of thousands of people.
At at time when the travel industry is still grappling with a labor shortage, you have to think some companies in the sector are “labor hoarding,” hanging on to workers that might have otherwise been downsized for costs savings or seasonality reasons, simply because of the fear of not being able to fill roles later.
Especially heavy layoffs at Google Flights, including senior managers and engineers who joined Google with the ITA Software acquisition in 2011, could signal strategy shifts in the company’s multifaceted airline business, Skift has learned.
Vacation rental property manager Vacasa is eliminating 1,300 positions, which was 17 percent of its workforce, as the company determined it had to make deeper improvements to operations. The firings took place Tuesday, just three months after the company axed 280 staffers.