Around the Net

Airbnb Lays Off Quarter Of Staff

  • Vox, Wednesday, May 6, 2020 5:36 PM
Airbnb leadership told employees Tuesday that the company’s revenue would be halved and that it would terminate about 1,900 of its 7,500 staff members. The company was “seen until recently as one of Silicon Valley’s most financially secure unicorns,” per Vox. “It’s an ominous sign for the tech economy.”  The decision “serves as a stark reminder of the coronavirus’s toll, which has hamstrung the global economy, forcing almost all startups to consider cuts and particularly wrecking the travel industry.”



Read the whole story at Vox »

Next story loading loading..