Yes! Hotels and resorts around the world have shit down. What business do you think they’re in?? They’re not immune.
Yes, lay-offs coming !
Didn’t chainsaw Charlie go to Wells Fargo? Y’all still laying Off? Asking separately from Airbnb
Survival is the key now. Nobody expected and experienced this. It is decent executives if they freeze things and do not layoff.
the company's profits will fall for a long period of time. Second waves already hitting china.
CEO told us all this in weekly Q&A. He is pretty transparent on how things are going . Everything Is true except layoffs part . We have 4B cash + credit so we are okay for now. Depends on how long this goes on, will decide layoffs. That holds true for most of companies. Founders taking 0 salary Executives half salary No annual bonus for anyone Hiring freeze - this most of companies are doing LinkedIn , Uber, lyft etc Cutting marketing costs to 0 (or whatever lower amount possible ) There is nothing extreme in these measures. Lot of companies are taking similar measures . Not sure why this is an important news to be discussed by people who doesn’t even work for Airbnb 😃
Not only is cutting marketing to 0 an incredibly extreme business tactic but also the last part is pure doublespeak. How can you be so naive to not understand that if marketing expenditure is effectively 0 that means there won’t be any work for marketing to do and very likely you’ll see most of the department other than a few laid off. Did you think about what any of your marketing employees will be doing when they show up to work?
Can we pls stop on founders and exec taking zero salary? Exec and founders make money on stocks not base salary. And founders have already made millions by now. Stop this crap
Yes
Are projects being put on hold or cancelled at Airbnb? If so, what are those folks working on? #Airbnb
Ex-FBers, zuck welcomes you guys back.
Software Engineering Career
6h
994
Cleared Amazon onsite, but lowballed.
Tech Industry
8h
2092
The job market is absolutely brutal right now
Tech Industry
7h
616
Update: Trans Coworker Stealing Breast Milk
Cars
Yesterday
1185
Do you use a luxury car as a daily?
Tech Industry
4h
875
I am starting to think Chinese interviewers currently fail non-Chinese candidates on purpose.
Meanwhile private VC firms are hitting up Brian Chesky asking to invest tons of money at lower valuations to lock in future value once they IPO.
This statement doesn’t make sense. If there are tons of VCs interested in investing, then valuation won’t be low. It’s not like valuation is decided first and investors show interest later. Valuation is decided by investors interest.
This is what investors asking Brian these days: how do you keep your hosts on the line now? https://www.sfchronicle.com/business/article/Airbnb-hosts-struggle-as-travel-plunges-15163143.php