In the memo, Chesky was transparent about Airbnb's financial decline. "Airbnb's business has been hit hard," he wrote, "with revenue this year forecasted to be less than half of what we earned in 2019."
Again, Chesky made it clear that these layoffs are about positions and skills, which are more easily quantifiable and justifiable than how much the CEO likes someone. This decision to keep news of the impending layoffs private was wise. Varelas told me that a common mistake she sees iskeeping information about layoffs confidential until you're ready to make the announcement. That can lead to rumors — and terror — spreading throughout the staff.
Varelas previously told me that respect for employees is key. No one should be "treated suddenly like they're a criminal," she said, or even like someone who hasn't worked hard to help the company grow. to vest. All employees have the chance to become shareholders in the company on May 25, Chesky wrote.Departing employees will receive relatively substantial support as they look for a new job, according to Chesky's memo.
Airbnb 'This is the moment where brands are built or brands are dented. [If the company mishandles layoffs] it absolutely will impact recruitment and talent because the world is small.' YairR CareerArc via ShanaDLebowitz
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