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Virgin Atlantic CEO: Tech layoffs will impact airline industry
10th February 2023
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EXCLUSIVE: One of the latest hurdles potentially facing the airline industry: tech layoffs.
Virgin Atlantic's chief executive, Shai Weiss, told FOX Business that the multitude of layoffs in the sector – both within the U.S. and the U.K. – "has an impact" on the travel industry.
"The changes in the tech world, which we are, of course, exposed to… these are big travelers across the Atlantic and beyond," Weiss said.
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For instance, the chief executive noted how the nearly 40-year-old carrier – owned by billionaire Richard Branson's Virgin Group and Delta Air Lines – flies to San Francisco, Seattle and Austin, Texas, which "are high conurbation areas for technology companies."
"When they make decisions to reduce their workforce it will impact the travel industry more broadly," Weiss, who took over in 2019, continued.
Still, the chief executive's expectation that corporate travelers will return in full scope by year's end hasn't wavered.