Airbnb to cut almost 1,900 jobs due to the 'most harrowing crisis'
Airbnb said Tuesday it will cut almost 1,900 jobs as the short-term home rental company deals with the fallout from a travel industry wracked by upheaval stemming from the coronavirus pandemic.
Brian Chesky, Airbnb’s chief executive and co-founder, made the announcement in a letter sent to company employees, and posted on the Airbnb website. While not mentioning coronavirus or COVID-19 by name, Chesky left no doubt about what was behind the decision to shed approximately 25% off Airbnb’s 7,500 jobs.
“We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill,” said Chesky, who added that San Francisco-based Airbnb expects its revenue this year to be less than half the amount it took in during 2019.
Chesky said that the coronavirus crisis has created a situation in which “we don’t know exactly when travel will return,” and “when travel does return, it will look different.”
Read more: https://www.eastbaytimes.com/2020/05/05/coronavirus-airbnb-to-cut-almost-1900-jobs-due-to-the-most-harrowing-crisis/
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