Tag: Airbnb
The great unicorn retreat
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re taking stock of what’s happening to a number of unicorns, both public and private. This is the third time we’ve sat down to document what feels like a…
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Airbnb will lay off 25 percent of its workforce due to COVID-19
The COVID-19 pandemic has effectively gutted Airbnb’s core business, and the company is taking drastic action to stay afloat while people aren’t travelling. The company has confirmed to TechCrunch that it’s laying off 1,900 employees, or just over 25… Source
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Citing revenue declines, Airbnb cuts 1,900 jobs, or around 25% of its global workforce
This afternoon Airbnb, a well-known private company that connects travelers with places to stay, announced that it was laying off around a quarter of its workforce. The company cited revenue declines and a need to curtail costs in a memo that TechCrunch viewed. In the note, written by Airbnb CEO…
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Cowboy VC’s Aileen Lee: Your coronavirus scenario planning should be more conservative
The tech industry (and the world at large) is not experiencing temporary anxiety — the uncertainty we’re all coping with is the new normal. Sudden shifts in behavior have made some startups targeting slow-moving, old-school industries more relevant than they could have imagined, such as those in telehealth, distance learning…
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Extra Crunch Live: Join Precursor’s Charles Hudson for a Q&A this Thursday
The new Extra Crunch Live series is taking flight this week. Today we’re talking to Cowboy Ventures’ Aileen Lee and Ted Wang. This Thursday we’re keeping the parade of well-known investors coming, when Charles Hudson will join Natasha Mascarenhas and I for a deep-dive into all things pre-seed and seed.…
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Airbnb reportedly lays off contractors and cancels summer internships
Airbnb has ended its contracts with contingent workers early and postponed summer internships, Protocol reports. Contractors at Airbnb serve as property inspectors, home consultants are more. Contractors will reportedly receive no less than two weeks’ pay after receiving notice from their temp agencies. Airbnb will also reportedly delay hiring undergraduate…
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