Home rental startup Airbnb Inc plans to lay off 1,900 employees due to the impact of the coronavirus pandemic. According to a document sent by company founder Brian Chesky to the staff, employees will receive a four-month pay package and health insurance for one year.
Those laid off would also receive job placement support and be allowed to keep their computers.
Chesky told employees that the company will "go back to its roots," as it will focus on prioritizing the core business of short-term home rental, rather than more recent initiatives including transportation and luxury retreats.
In late March, the tourism company suspended all marketing activities to save $ 800 million in 2020 and informed workers that its founders will receive no salary for the next six months, while top executives will apply a cut in wages. 50%.
At the beginning of the year, the company was seeking to go public with a private valuation of $ 31 billion, which now seems very unreal.