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Business Travel

Are Amex GBT's UK Layoffs the Start of Much Larger Cuts Across Corp Travel Agencies?

Matthew Parsons

Photo Credit: American Express Global Business Travel's UK, Europe, Middle East and Africa business is headquartered in London's Canary Wharf. Unsplash / Alex Tai

Skift Take

These eventual cuts will be as good an indicator as any of the pandemic's impact on corporate travel volumes for 2021. Other agencies, in other regions with less strict employment legislation, may not be that far behind.

Privately owned American Express Global Business Travel is moving forward with plans to reduce its UK workforce, reflecting the shrinking volumes of corporate travel anticipated for next year and beyond. This follows CWT's own global restructuring, which one industry observer said could see job cuts of up to 40 percent of its workforce. Flight Centre Travel Group, parent company of FCM Travel, meanwhile warned of further workforce reductions if travel restrictions are maintained and government support is removed. That announcement came as it revealed two thirds of its global w

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