Orbitz Names New CEO, Prepares For More Cutbacks

JR

Travel site Orbitz has named a new chief executive officer -- and, at the same time, is preparing to slash as much as $25 million from its operating expenses.

Harford is credited with developing Expedia's travel business and helping expand its services into new areas of the world during his seven year tenure there.

This new round of cutbacks is in addition to the layoffs announced this past November at Orbitz. The company eliminated about 10 percent of its workforce then -- a move designed to save $20 million a year by itself.

Orbitz has around 1,500 people on its staff.

Orbitz

ALL CONTENT © 2008 - 2021 THE INQUISITR.