Update- Travel

airbnb lay offs laid off employees 25 percent of workforce staff 1900 teammates coronavirus covid 19 business impact

Airbnb is cutting nearly 25 percent of its workforce in a round of layoffs, as announced in a letter to employees from CEO and co-founder Brian Chesky on Tuesday. The company’s business has been “hit hard” in recent months, with Chesky already projecting this year to generate less than half of the revenue from 2019.

While these actions were necessary, it became clear that we would have to go further when we faced two hard truths:

Chesky statement:

  1. We don’t know exactly when travel will return.
  2. When travel does return, it will look different.

Employees are slated to receive 14 weeks base pay, and the company will cover health insurance for a limited time pending each respective country’s healthcare regulations. Airbnb has also launched various resources to assist individuals with finding their next role, including an “Alumni Talent Directory,” “Alumni Placement Team,” four months of career and job placement services, and more.

source airbnb & Hypebeast


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