200206 Airbnb
A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. 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.

Read more