Airbnb sacks 30% of recruiting staff despite profitable year


Image source: FILE Airbnb lays off 30% of hiring staff despite profitable year

According to Bloomberg, online home rental firm Airbnb let go of 30 percent of its hiring staff. The cuts affect 0.4 percent of the company’s total workforce of 6,800, as it plans to increase headcount this year.

“We have become a leaner and more focused company over the past three years. The company expects to increase its headcount this year,” said an Airbnb spokesperson.

The company laid off 25 percent of its workforce, or 1,900 workers, during the pandemic. During the company’s quarterly earnings call last month, Chief Financial Officer Dave Stephenson said it was going to hire more people.

“We will continue to grow, but we’re going to grow modestly,” Stephenson said, adding that he expects headcount growth of 2-4 percent this year, compared with 11 percent headcount growth in 2022. . Airbnb recorded a 24 percent increase. in its revenue for the fourth quarter ended December 31.

It reported net income of $319 million for the quarter, up from $55 million a year ago. In its shareholder letter, Airbnb said it sees continued strong demand into early 2023.

The company said it “expects to continue hiring at a decisive pace in 2023.” Airbnb was “particularly encouraged” by market share gains in Latin America and continued recovery in Asia Pacific.

Also Read | Twitter has continued to lay off more employees after closing its India offices

Also Read | Yahoo layoffs: ‘Beneficial to company’s overall profitability’, says CEO Jim Lanzon

Latest business news

Read original article here

Leave A Reply