Online home rental firm Airbnb has let go of 30 percent of its recruited workforce, according to Bloomberg. The cuts affected 0.4 per cent of the company’s total workforce of 6,800, as it plans to increase workforce this year.
An Airbnb spokesperson was quoted as saying, “We’ve become a leaner and more focused company over the past three years. The company expects to grow its workforce this year.”
The company laid off 25 percent of its workforce, or 1,900 employees, 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’re going to continue to grow, but we’re going to have modest growth,” Stephenson said. in its revenue for the fourth quarter ended December 31.
It reported $319 million in net income for the quarter, up from $55 million a year earlier. In its shareholder letter, Airbnb said it sees continued strong demand through early 2023.
The company said it expected to “continue hiring at a prudent pace into 2023”. Airbnb was “particularly encouraged” by market share growth in Latin America and continued improvement within Asia Pacific.
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