TripActions cuts hundreds of jobs as COVID-19 sinks corporate travel

TripActions Inc. on Tuesday made a deep cut in staff after the coronavirus pandemic sharply curtailed its corporate travel business. The Wall Street Journal cited an unnamed source who said the move involved hundreds and cut the Palo Alto company's workforce by between 20 percent and 25 percent. The company declined to specify how many jobs it cut, though two anonymous posts on the workplace forum Blind pegged the figure at 350 and said the news was delivered to affected employees via a mass video…