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Airbnb is reportedly laying off nearly 2,000 employees due to the coronavirus pandemic — effectively slashing its headcount by 25 percent. The 1,900 workers axed by the home-sharing startup will receive a four-month pay package, as well as accelerated equity vesting and health insurance for a year, sources familiar with the matter told Reuters. CEO Brian …
Airbnb is reportedly laying off nearly 2,000 employees due to the coronavirus pandemic — effectively slashing its headcount by 25 percent.
The 1,900 workers axed by the home-sharing startup will receive a four-month pay package, as well as accelerated equity vesting and health insurance for a year, sources familiar with the matter told Reuters.
CEO Brian Chesky informed staff of the layoffs in a Tuesday afternoon all-hands call, according to The Information, which first reported the news.
In a memo to employees obtained by TechCrunch, Chesky said that the layoffs will impact internal product groups including Transportation and Airbnb Studios. He described the staff cuts as “mapped to a more focused business.”
Airbnb in late March suspended all its marketing activities to save $800 million in 2020, and informed workers that its founders will take no salary for the next six months while top executives will take a 50 percent pay cut.
With Post wires
