City
Epaper

Airbnb lays off 30% of recruiting staff

By Lokmat English Desk | Updated: March 5, 2023 17:01 IST

Online hospitality major Airbnb has laid off 30 per cent of its recruiting staff, the media reported. The cuts ...

Open in App

Online hospitality major Airbnb has laid off 30 per cent of its recruiting staff, the media reported. The cuts affected 0.4 per cent of the company's total workforce of 6,800, as it plans to increase headcount this year."We've become a leaner and more focused company over the last three years. The company expects to grow its headcount this year," an Airbnb spokesperson was quoted as saying. Amid the pandemic, Airbnb had laid off 25 per cent of its workforce, or about 1,900 employees.

During the company's quarterly earnings call last month, Chief Financial Officer Dave Stephenson said it is going to hire more people."We're going to continue to grow, but we're going to grow modestly," Stephenson, adding he expects headcount growth of 2-4 per cent this year against 11 per cent headcount growth in 2022.Airbnb reported 24 per cent growth in its revenue for the fourth quarter that ended December 31

Tags: AirbnbJob Cuts
Open in App

Related Stories

BusinessMPL Job Cuts: Mobile Premier League to Lay Off 500 Employees Following Ban on Online Money Gaming

InternationalNASA Layoffs: 20% or 3,870 Employees to Exit US Space Agency

TechnologyIntel Layoffs: US Chipmaker to Cut Over 5,000 Jobs Across Multiple US States, Including Oregon and California

InternationalNASA Job Cut: Over 2,000 Senior Officials to Exit Due to Trump-Era Budget Cuts

TechnologyIT Layoffs 2025: Microsoft, Google, Apple Among 284 Tech Companies That Cut Jobs in First 5 Months

Business Realted Stories

BusinessIndia-US trade talks resume amid renewed hopes over tariffs

BusinessVBeyond Digital Expands GCC Advisory for Global Firms to Assist with Faster Market Entry and Setup

BusinessThe Silent Suffering: Dr. Jyoti Bansal on Why Most People Miss Early Kidney Disease Warning Signs

BusinessKorean TikTok partners' shares rally on broad U.S.-China deal

BusinessData centre development cost in India at USD 7 per Watt among global lowest, shows strong growth potential: Report