Airbnb layoff memo details severance and employee assistance - Business Insider

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Read the full memo Airbnb CEO Brian Chesky just sent to staff announcing 1,900 job cuts. It lays out severance details and which teams are getting hit the hardest.

I just shared the news below with our teams in the Americas and I'll be speaking to our teams in Europe and Asia Pacific in a few hours. I wanted to make sure you hear directly from me as soon as possible.This is my seventh time talking to you from my house. Each time we've talked, I've shared good news and bad news, but today I have to share some very sad news.

Let me start with how we arrived at this decision. We are collectively living through the most harrowing crisis of our Out of our 7,500 Airbnb employees, nearly 1,900 teammates will have to leave Airbnb, comprising around 25% of our These decisions are not a reflection of the work from people on these teams, and it does not mean everyone on these

To take care of those that are leaving, we have looked across severance, equity, healthcare, and job support and doneEmployees in the US will receive 14 weeks of base pay, plus one additional week for every year at Airbnb. Tenure will be rounded to the nearest year. For example, if someone has been at Airbnb for 3 years and 7 months, they will get an

Departing employees can opt-in to have profiles, resumes, and work samples accessible to potential employers. Some employees who are staying will have a new role, and will receive a meeting invite with the subject "New Role" to

 

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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
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