Airbnb to Cut 25% of Workforce as Coronavirus Stalls Global Travel

Airbnb Inc. is cutting 1,900 employees, or 25% of its workforce, co-founder and Chief Executive Brian Chesky told employees in a memo Tuesday, adding that the company’s revenue forecast for this year is “less than half” of last year’s level.

“We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill,” Mr. Chesky said in the memo. “Airbnb’s business has been hit hard.”

You guys need to check out airbnbrefund. Thousands of travelers not getting refunds for their trips on Airbnb. Would make for a great piece.

Just Air!

1900 people . Jeez

While I feel bad for those losing work, it’s difficult for me not to be joyous over all the NYC real estate investors, who have driven up market prices, now taking a hit. Of course Airbnb’s isn’t to blame, I love that they try to put money in average homeowner pockets.

Airbnb regretting not going public last year

They already got rid of THOUSANDS of contracted workers/ shadow workforce. Don’t worry know one gives a shit about them... sad

Couldn’t happen to a nicer company. These jerks have treated the homeowners like dirt. The real customers are the guests.

I wonder if airbnb hosts are jumping off rooftops.

Airbb is a cheaper alternative to hotels. I can’t imagine how many lay-offs will come to the traditional chains

GREAT!!!👍👍👍 Airbnb is nothing but a nuisance to those that are actually living in the condo and/or community. Most tenants contributed to more violence & domestic disturbances COVIDIOT

We love to see it, don't we, folks?

Bummer. Unfortunately many in the travel and hospitality industry are doing the same. It's going to be a while before travel ramps back up.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airbnb to lay off nearly 1,900 people, 25% of companyAirbnb plans to lay off as many as 1,900 employees, or about 25% of the company, a source confirmed to CNBC on Tuesday. Bullish I thought it'd be 75% ishabad Who do they even hire
Source: CNBC - 🏆 12. / 72 Read more »

British start-up Culture Trip confirms layoffs as coronavirus hits travelThe London-based company has raised over $100 million from investors but it hasn't been an easy ride. 1/2 Travel start ups should not receive bailout funds. If they have not proven they are viable and profitable business yet, the government is essentially fulfilling the role of the private equity or venture capital bank, but without equity reward to the tax payer.
Source: CNBC - 🏆 12. / 72 Read more »

Global markets dive as the US ratchets up tensions with China over the coronavirus | Markets InsiderStocks fell across the board on Monday after the US ramped up tensions with China and continued to blame the origin of the coronavirus on a lab ... Trump recklessly lied about coronavirus & undermined the response to 'protect' the stock market (his re-election)... ...which caused mass human/economic destruction... ...which he shamelessly blames on China... ...and is now crashing the markets he allowed people to die for...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Pre-Coronavirus, Adam Lambert & Christina Aguilera Were Going to Tour TogetherBefore the global coronavirus pandemic shut down the concert industry, an Adam Lambert and Christina Aguilera summer tour was in the works. adamlambert xtina adamlambert xtina adamlambert xtina Love the colours! Congrats on the EC!
Source: billboard - 🏆 112. / 63 Read more »