Airbnb co-founder CEO Brian Chesky announced that the company will cut 25 percent of its global workforce. IOLTravel day41oflockdown
Airbnb co-founder CEO Brian Chesky announced that the company will cut 25 percent of its global workforce. Chesky broke the news to his staff in a letter, informing them that out of 7 500 Airbnb employees, nearly 1 900 teammates will lose their jobs.
“While these actions were necessary, it became clear that we would have to go further when we faced two hard truths: We don’t know exactly when travel will return and when travel does return, it will look different,” he informed staff. Chesky said Airbnb will reduce investment in activities that do not directly support the core of the host community, and will be pausing efforts in Transportation and Airbnb Studios, as well as scale back our investments in Hotels and Lux.
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