UPDATE 3-Airbnb cuts 1,900 jobs as coronavirus hits home rentals
Airbnb Inc is laying off 25% of its
workforce, or nearly 1,900 employees, the home rental startup
said on Tuesday, as the COVID-19 pandemic brings global travel
to a near standstill.
“Airbnb’s business has been hit hard, with revenue this year
forecasted to be less than half of what we earned in 2019,”
founder Brian Chesky said in a memo to employees.
workforce, or nearly 1,900 employees, the home rental startup
said on Tuesday, as the COVID-19 pandemic brings global travel
to a near standstill.
“Airbnb’s business has been hit hard, with revenue this year
forecasted to be less than half of what we earned in 2019,”
founder Brian Chesky said in a memo to employees.
Posted by Reuters
