Airbnb on Tuesday said it plan to layoff as many as 1,900 employees, or about 25% of the company, a source confirmed to CNBC.Credit: Mike Cohen/ The New York Times
Airbnb plans to lay off nearly 1,900 employees, or about 25% of the company, a person familiar with the plans confirmed to CNBC., which reported the news would be broken to employees by CEO Brian Chesky in a call starting around 3pm ET. For Airbnb, these layoffs are the latest obstacle in 2020 as the coronavirus pandemic has devastated the entire travel industry. Last month,that it would institute a hiring freeze, suspend its marketing, cut executives' salary and that it did not expect to give out bonuses for 2020.
Heading into the year, the San Francisco tech company was eyeing an entry into the public markets. The company had lined up bankers to lead the offering, which would test whether Airbnb could live up to its $31 billion private market valuation from 2017. Instead, the company is raising
Knew about pandemic, no ipo market at 29k ?
shocker there 🤦🏻♂️
You didn’t save the billions of dollars you made over the last few years?
I enjoyed my small break hopefully they get hired back
As everything the know nothing know it all millenials created on basis of sharing crumbles to the ground.
o well i guess people are gonna to post on craigslist to rent their homes out again
Now that's one irritating company
More IPO $ for founders... evil but smart
Good, now do the other 75%.
Tech layoffs are coming fast now. If you live in a tech hub city, hold off on buying or renting for 6 months. Prices are about to fall dramatically as they did during the DotBomb 2000.
And the negative feedback cycle continues. This is 1,900 more people who won't be traveling or vacationing.
I had no idea airbnb has employees
I think they must lay-off 65%
Very bullish. Rally on!! Nothing matters anymore. Make the news even worse by another 75% and we can rally even more. Market is a perverted atrocity.
Thank you media for being the poison in America
Markets go up or down?
ask them how many of their landlords kicked out Nurses with no notice. cant wait to watch them fail.. the fitbit of short term rentals.
Airbnb You are just making it harder than Covid19. Losing jobs in tough times will give heart attacks. COVID19
Bullish
I thought it'd be 75%
ishabad Who do they even hire
Yes they were mucking up the works in the real estate (shelter) market not party house rental center