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Airbnb Inc., which is expected to see slower growth in 2023, has announced it will cut recruitment roles across its workforce.The company said Friday it had cut about 30% of its staff, but a representative said Reuters The restructuring does not imply further layoffs.
The announcement follows warnings to investors that Airbnb will need to protect its cost structure after achieving its first-ever annual profit in 2022. The company is still profitable but is taking aggressive steps to ensure sustainable growth.
The move to cut hiring roles follows significant layoffs when Airbnb laid off nearly 1,900 employees, or 25% of its workforce, in 2020 due to the COVID-19 pandemic. The impact of the pandemic on global travel has had a lasting impact on Airbnb’s business and hiring practices. Reuters quoted an Airbnb spokesperson as saying that Airbnb “has become a leaner, more focused company over the last three years.”
of wall street journal reports that Airbnb is projecting a much smaller headcount growth range of 2% to 4% in 2023. If the forecast is accurate, that would be a significant drop from the previous year’s 11% headcount increase. However, the company is reportedly optimistic about the future and is focused on providing great travel experiences for guests and hosts around the world.