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 😃
comments
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 😃