Airbnb's layoffs will likely save the company less than $255 million - Business Insider

. For US workers, Airbnb announced it would pay their COBRA coverage costs, which are basically a combination of the employer premium it was previously paying and the premium those employees paid when they were employed.

Per-person healthcare costs are considerably higher in the US than in other countries, but that figure is likely a good one to start with, because the vast majority of affected workers Airbnb has listed so far are based in this country.

A big part of the reason the company is unlikely to save a lot of money from the cuts this year is that it is giving affected employees relatively generous severance packages. The company plans to pay laid off workers at least 14 weeks of pay this year, plus one extra week's worth of pay for each year they've worked at Airbnb. It also plans to continue paying US workers' health insurance costs for a full year and those of workers outside the US until the end of this year.

The company will see more substantial savings next year. Business Insider estimates those will range from about $231 million to $563 million, depending on average salary and benefit costs. In 2022 and following years, the savings will be slightly higher, after it stops paying for healthcare coverage for US workers. It will likely save somewhere between $237.5 million and $570 million.

No worries, Trump is on the Job! Down w Chinese communism and its aggressive tactics. USA,USA, USA!

Good. Maybe I’ll have a home before I hit 65 next year.

Another shitty internet 🦄 , no way!

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