Airbnb cuts 25% jobs as coronavirus hits house rentals

Airbnb cuts 25% jobs as coronavirus hits house rentals

“Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019,” founder Brian Chesky said in a memo to employees. Airbnb Inc is laying off 25% of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic…

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