During the fourth quarter of 2024, the company approved and subsequently initiated a set of actions in order to reduce its cost structure, improve operational efficiencies, and realign its workforce with its strategic initiatives. As a result of actions taken under this initiative during 2025, the company incurred estimated pre-tax restructuring and other related reorganization costs of $10M, which consisted of employee severance and related benefits, primarily in the Brand Tripadvisor (TRIP) segment.
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