Airbnb Lays Off 1,900 Employees

Airbnb Lays Off 1,900 Employees

On Tuesday, Airbnb CEO Brian Chesky told employees that 1,900 people would be laid off due to coronavirus.

That accounts for 25% of its workforce.

According to Business Insider, laid off employees would get a severance package that includes 14 weeks of pay, plus an additional week for each year they've been with the company.

Airbnb will also provide them with a year of medical healthcare, four months of mental health support, and assistance finding a new job.

CEO Brian Chesky was confident that their business would rebound, but said that the changes it will undergo will not be short-lived.

Chesky explained, "Because of this, we need to make more fundamental changes to Airbnb by reducing the size of our workforce around a more focused business strategy."