SoftBank-backed travel startup GetYourGuide has described the COVID-19 pandemic as a "nuclear winter" for the travel industry.
Its founders have committed to pay cuts in 2020, and the company has shortened employees' working hours in order to avoid layoffs.The US and Europe should be headed into peak travel season, as the weather warms up and school vacations loom. Vision Fund startups have a reputation for superfast — even overly fast — spending and expansion, a position that may leave portfolio firms vulnerable to an expected global recession. A number of SoftBank-funded startups have already laid off a collective 3,000 people in 2020,
Tao, aged 35, notes that the firm was built during the 2008 financial crisis. "It definitely builds resilience," he said.Tourist sites, such as Piccadilly Circus in London, are empty.Four of the five cofounders who remain with GetYourGuide, including Tao and Reck, have committed to taking a 50% pay cut this year. Execs have committed to a 30% pay cut.
Other European startups have taken similar measures. Swedish startup Voi furloughed or laid off the bulk of its staff this month to cope with the pandemic. "We realized that we needed to change our strategy and take drastic measures," Voi cofounder and CEO Fredrik HjelmTao says the firm has shifted its focus to helping customers who are stranded abroad or need to change their plans. "We now allow customers to cancel, no questions asked, 24 hours ahead of their tour.
Hantavirus has sent further shockwaves..symptoms o...
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Amazon will now turn away employees running a fever and dock their pay - Business InsiderAmazon employees say the new policy could be a devastating blow to many workers who live paycheck to paycheck. Oh come on JeffBezos! Are you looking for a Logo designer, Logodesign, photo-editing,photo-retouching, etc? What a surprise that amazon is treating its workers like garbage
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Target employees reveal how to shop what to buy during the pandemic - Business InsiderTarget employees reveal 8 insider tips for shopping at the superstore during the coronavirus pandemic
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
6 Ways To Protect Your Business During The Coronavirus OutbreakTo protect your business and employees during the coronavirus pandemic, use these six strategies. 👍 Thank you for sharing this helpful post. It can really help protect businesses during this crisis.
출처: Forbes - 🏆 394. / 53 더 많은 것을 읽으십시오 »
INSIDER TODAY: When will life go back to normal again? - Business InsiderShutting down the US due to the coronavirus is taking a toll, but it's the right call. But the question remains: when will things get back to normal? Trump is misleading our nation by sending mixed messages. It’s not about Trump, it’s about our nation. Trump must stop using daily briefings as campaign rallies. Businesses are closed, people are broke, hospitals don’t have supplies, Americans are dying. USA is on life support😷 2 MONTHS AFTER ALL PEOPLE STAY AT HOME! It will never be the old normal. There will be a new normal
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Salesforce's business model will help it withstand a recession - Business InsiderWhile Salesforce will see lower demand as companies spend less, it will survive a recession due to its strong business model and market opportunity. kuku27 By the time situation normalises, it will hit be so hard, might take very long for recovery African people with Coronavirus
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Google and Facebook will offer small businesses ad credits and grants - Business InsiderGoogle and Facebook will offer small businesses who advertise with them, and some news publishers, some relief in the form of ad credits and grants. I feel like it’s also a way to help prevent ad pricing from falling (by increasing demand) while simultaneously getting a charity tax write off 😂
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »