Skift Take
Hopper's burn and growth rates were unsustainable — even for a company that had raised $730 million.
Hopper, the fast-growing online travel and fintech company, cut 30% of its full-time staff — around 250 employees — in a bid to get profitable, according to a published report.
A spokesperson for the company told Skift the job cuts came in tandem with the twin goals to boost the company's travel app and B2B businesses, along with being "laser-focused on continuing to build our direct global hotel supply."
That latter objective became more of a priority when in July Expedia Group removed the hotel inventory it had been supplying to Hopper, and this may have be