COVID-19: Airbnb cuts 25% of staff due to coronavirus
1,900 people lose jobs as tourism industry crushed by global pandemic
Image Credit: Reuters
San Francisco: Home sharing platform Airbnb on Tuesday announced it will slash one fourth of its workforce — some 1,900 people — as the coronavirus pandemic crushes the travel industry.
The cuts are needed for the San Francisco-based company to survive until people start travelling anew, Airbnb co-founder and chief executive Brian Chesky said in a blog post.
“We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill,” Chesky said.