Airbnb withholding bonuses - Layoffs coming?

SAP
ksYR03

Go to company page SAP

ksYR03
Mar 28, 2020 24 Comments

Hi

This news broke. As we all expect Airbnb wud have layoffs since the whole business is based on travel.

Is something else going on inside or it’s just bonuses which is being held as of now?

Airbnb withholding bonuses - Layoffs coming?

comments

Want to comment? LOG IN or SIGN UP
TOP 24 Comments
  • Airbnb / Eng
    AirEveryWr

    Go to company page Airbnb Eng

    AirEveryWr
    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 😃
    Mar 29, 2020 7
  • mindSHIFT Technologies
    DaymondJon

    mindSHIFT Technologies

    DaymondJon
    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.
    Mar 28, 2020 7
  • Yes, lay-offs coming !
    Mar 28, 2020 1
  • Ex-FBers, zuck welcomes you guys back.
    Apr 1, 2020 0
  • the company's profits will fall for a long period of time. Second waves already hitting china.
    Mar 28, 2020 0