Airbnb CEO shares the mistake he made while conducting Covid-era layoffs: ‘A company's not a family'

24/7 New York news stream: Watch NBC 4 free wherever you areto employees explaining that the company would conduct layoffs."I have a deep feeling of love for all of you," he wrote.among tech companies pre-Covid, with perks like free food, dry cleaning and in-office gyms encouraging employees to spend more time in the office than with their actual families.

"I wrote that letter fairly quickly," said Chesky."I didn't have a lot of time, and so I wrote what I felt and that's what I felt, and I was pretty emotional when I was writing it. And it is true that a company's not a family. In fact, we had to make that pivot.""We used to refer to ourselves as a family, and then we did have to fire people, or they'd have to leave the company, and you don't fire members of your family," he added.

"In a family, you look after your siblings, your parents, your kids no matter what," he said."They go to jail, they do whatever, you're with them."

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 CEO shares the mistake he made while conducting Covid-era layoffs: 'A company's not a family'There's a common trope in business, especially among startups: Your colleagues are your family. That's a damaging mindset to have, says Airbnb CEO Brian Chesky.
Source: CNBC - 🏆 12. / 72 Read more »

Airbnb beats earnings expectations for first quarter but offers weaker-than-expected guidanceAirbnb reported first-quarter results on Wednesday that beat analysts’ estimates.
Source: nbcchicago - 🏆 545. / 51 Read more »