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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 41 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 72%

Airbnb News

Airbnb Inc,Netflix Inc,Leadership

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.

Airbnb CEO Brian Chesky appears at "The Game Plan: Strategies for Entrepreneurs" at Airbnb Open in Los Angeles on Nov. 19, 2016.to 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." From a leadership point of view, the family approach can be a problem when you have to reprimand someone, enforce a rule or conduct layoffs, said Hastings.

Using the word "family" can put bosses in situations where they can take advantage of employees, leadership development coach Joshua A. Luna wrote in a 2021article: The more emotionally attached you feel to your organization, the more easily your manager can regularly ask you to go above and beyond, like a brother or sister would.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »