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Airbnb, which provides a global platform for the rental and rental of housing accommodation worldwide, has assigned around 25% of its workforce, cutting off the services of almost 1,900 employees.
This decision comes after the company’s suffering during the last two months due to the cancellation of a large number of reserves, after the implementation of domestic quarantine measures to limit the spread of the Corona virus; As is the case with future reserves, which are also experiencing a slowdown, at a time when some countries have gradually begun to reduce the embargo.
This means that the virus will have a direct impact on the company’s revenue, which is currently significantly affected, as CEO Brian Chesky said that the 2020 revenue will be half of what the company achieved during last year 2019.
Adding that Airbnb’s work witnessed a fatal blow, according to a website report Information Making layoffs would save the company between $ 400 and $ 500 million a year.
On the last side of containing the effects of the current crisis, the company has announced a flexible policy to cancel reservations that extend until May 31, providing assistance to clients who will not be ready to make their scheduled trips.
Source
The edge
Source
The world of technology
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