Airbnb is laying off a fourth of its workforce as the ongoing coronavirus pandemic shakes the travel industry and curbs plans to vacation in homes belonging to strangers.
The outcome of the workforce reduction will be a"more focused business," the company said. Outgoing employees in the U.S. will receive 14 weeks of base pay plus an additional week for each year they've been with the company.expressing confusion over how to obtain refunds if their plans were upended due to the spreading of the respiratory virus.
for hosts renting out rooms and homes during the pandemic. The company is offering a cleaning manual and specifying particular chemicals and other products to work with.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbnb to lay off 25 percent of its workforceAirbnb will lay off 25% of its workforce, or 1,900 employees, the company says.
Read more »
Airbnb is laying off 25% of its employeesAirbnb is laying off about 25% of its workforce. CEO Brian Chesky told employees the business has been 'hit hard' by Covid-19's effect on the travel industry.
Read more »
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.
Read more »
Airbnb to Cut 25% of Workforce as Coronavirus Stalls Global TravelAirbnb is cutting 1,900 employees, or 25% of its workforce, the company’s co-founder and chief executive told employees in a memo, adding that its revenue forecast for this year is “less than half” of last year’s level.
Read more »
Airbnb Lays Off 25% Of Workforce, Nearly 1,900 JobsI’m a San Francisco-based reporter covering breaking news at Forbes. I’ve previously reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
Read more »
Airbnb Lays Off 25% Of Workforce, Nearly 1,900 JobsI’m a San Francisco-based reporter covering breaking news at Forbes. I’ve previously reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
Read more »