Airbnb is cutting 1,900 employees, or 25% of its workforce, the company's co-founder and CEO told employees in a memo
Airbnb Inc. is cutting 1,900 employees, or 25% of its workforce, co-founder and Chief Executive Brian Chesky told employees in a memo Tuesday, adding that the company’s revenue forecast for this year is “less than half” of last year’s level.
“We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill,” Mr. Chesky said in the memo. “Airbnb’s business has been hit hard.”
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