heard from many sources that there are going to be layoffs at airbnb in the first week of April. Is this true?
Fuck... Man as a host the platform is glitchy as it is. Don't see how this will helo
From what source? Heard people said they are in good shape
I heard this from a girl friend who works there.
Airbnb is def not in good shape. They lost $300MM+ last year first 9 months. Then this year they have had 95% fall in bookings in Asia , 75% in Europe and 50-% in US. No way they are making money and I don’t expect IPO this year with those numbers a
Rumors are flying around. I won’t be surprised if a random guy jumps out and say eBay is laying off 50% next Monday. Oh, I forgot to mention that “from reliable source”
How are the things are Lyft now? Might be getting an offer soon
Hire freeze is probably coming soon. Got good cash on hand. In short term, prepared to get through the virus. But can’t speak for long term, like if the business model is profitable. In short, we are pretty confident for the virus time. But I’m neutral about whether ride share business is actually going to work.
Yeah we’re laying off 75% of our engineers, turns out it’s pretty fucking easy to run a CRUD website.
... With all due respect your management is so out of touch. As a host your website is so fucking glitchy is ridiculous. I've lost count of how many times unverified guests were able to instant book, or the Inability to change or alter reservations. The only common theme it looks like is airbnb will throw anyone under the bus to save themselves.
I disagree - our management team does know how bad it is. I don’t doubt we have a lot to fix. We just spent so much money on hiring top infra talent, including a dope infra CTO, and very recently finished building out our infra teams. We never had a great CTO before. Now people complain we spent too much on headcount and are not “profitable”, but in reality these are important long-term investments. We have to invest now to save money later. My guess is this is also why we chose to delay the IPO until this year, but people paint pictures that our CEO is greedy. In reality he has been hiring top talent to solve so many things. This is all purely speculation, and my opinion, but my point is just I don’t think our management is out of touch. It just takes time to hire this talent and change things.
No. There are no layoffs or actual rumors of layoffs. No leaks, no hints, nothing. What’s happening is that people are seeing a downturn in business, and speculating that layoffs might result. That’s it. This is exacerbated by the fact that almost all Airbnb engineers are too young to have gone through the financial crisis. Blind is becoming an echo chamber of worried junior engineers that don’t understand how business or layoffs work.
So I'll tell you how it goes down. Business starts to slow. the company starts cost cutting and tells everyone it's tough but we'll get through it. More cost cutting happens. Some non essential staff get cut. Then ruthless staff cuts. Eventually company bounces back and starts hiring again. Some companies do it faster but it's often a slow burn. With the airline's it's more dramatic as the operational costs are sky high and margins thin.
Yeah. I’ve been through it before elsewhere, I know the signs well. It’s too early to know whether it will happen here though.
Not true. We are hiring like crazy atm. You can still get 500K packages with 5 YoE
Is this a fake video https://twitter.com/weeaboo/status/1241555854446518272?s=21
Isn’t Airbnb making money and self sustaining already ? Why lay-off .
I know people mostly think that low performers are at risk when layoffs come up. What about teams with shitty managers and people who joined recently ? I think these two are also at high risk. Thoughts ?
Correct on the LIFO aspect. A company will look for low performers then fall back on LIFO
More like May. Investor talks delayed things.
Marketing? Will engineers affect?
Engineers are always protected. Usually only low performers have to worry. This is true in general though; if you’re not making (eg product eng, payments, growth eng, etc) or saving (infra, dev productivity, fraud) the company money, why would they care?