Airbnb Cuts 1,900 Jobs as COVID-19 Pandemic Hits Home Rentals

Airbnb Inc is laying off 25% of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday.
Airbnb Cuts 1,900 Jobs as COVID-19 Pandemic Hits Home Rentals
The Airbnb app logo is displayed on an iPhone on Aug. 3, 2016. Carl Court/Getty Images
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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.