Breaking Business News | Breaking business news AM | Breaking Business News PM

Airbnb lays off 25% of its workforce in a dramatic retrenchment for the COVID-19 era

5 May 2020

In a memo to staff today, CEO Brian Chesky said Airbnb’s 2020 revenue is expected to be less than half of what it was last year.

Refocusing its efforts for a travel ecosphere that will be dramatically and permanently reshaped by the coronavirus pandemic, Airbnb plans to lay off almost 1,900 employees, or about 25% of its workforce—a substantial downsizing for what was seen as one of the world’s most valuable startups only a few short months ago.

Read the full article here.
This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

Covid-19 – Johns Hopkins University

Download brochure

Introduction brochure

What we do, case studies and profiles of some of our amazing team.