SAN FRANCISCO, May 6 ― Home-sharing platform Airbnb said yesterday 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 says the cuts are needed for the company to survive until people start travelling anew. — Reuters pic
“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. Airbnb added that it will cut investments in transportation, hotels or other endeavors that do not directly support hosts whose homes are listed on the platform.
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