Barry Diller — Source: skift Inc.

Diller and Kern are taking an ax, as promised, to Expedia Group's payroll. This could be just the first round, and the thinking might be: Why sell to private equity, have those folks squeeze out the cost savings, and reshape the business when we can do it ourselves?

After less than three months of focusing on the day to day operations of Expedia Group, chairman Barry Diller and vice chairman Peter Kern took their first overt steps in reshaping the company with plans to lay off 12 percent of its workforce.

Expedia Group's leadership sent an email Monday to employees globally saying it intends "to reduce and eliminate certain projects, activities, teams and roles to streamline and focus our organization." (The email is embedded below.)

The company will begin notifying employees this week in geographies "where we have clarity" and in others the company will begin consultations with employees and their representative to discuss certain plans, the email said. In some countries, such consultations may be legally required.

Read the full article at skift Inc.