Expedia CEO Barry Diller wasn’t joking around about tightening up the company — thousands of staff are set to be axed. JD Lasica / Wikimedia Commons

Skift Take: Expedia Chairman Barry Diller is delivering on his promise to tighten up the company, with recently announced plans to lay off 12 percent of staff. Plus, the short-term rental market is one to watch as it continues to grow, with some predicting a new category to emerge that distinguishes between professional and host-run rentals.

— Danielle Hyams

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