Statement from expedia group chairman barry diller

Statement from expedia group chairman barry diller.expedia group inc - peter kern is named chief executive officer of expedia group.expedia group inc - eric hart is named expedia group's chief financial officer.expedia group inc - chairman, chief executive officer and members of board will forgo cash compensation for remainder of year.expedia group inc - will be implementing furloughs and reduced work week programs for select volume-based teams with limited work right now.expedia group inc - 401(k) matching contributions in u.s. will be suspended through end of year.expedia group inc - senior executives, travel leadership team will be taking a reduction in salary of 25% for balance of year.expedia - will offer voluntary reduced work week program for parents, caregivers & employees with personal needs to take a temporary shortened 3-day work week.expedia group inc - unable to make any predictions as to when travel will rebound.expedia group inc - steps on furlough and reduced work week programs and voluntary reduced work weeks will be active through august 31.expedia group inc - ceasing dividends until business rebounds.expedia group inc - will support employees by participating in government aid where feasible in different countries.expedia group inc - since crisis began, had limited online tools to support widespread cancellations and call volume spiked 500%.
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