Live Update 
From the Liveblog of
Tuesday, May 5, 2020
From the Liveblog of
Tuesday, May 5, 2020
Airbnb slashes workforce as pandemic ravages travel industry
Home-sharing platform Airbnb says it will slash a fourth of its workforce — some 1,900 people — as the coronavirus pandemic crushes the travel industry.
The cuts are needed for the San Francisco-based company to survive until people start traveling anew, Airbnb co-founder and chief executive Brian Chesky says in a blog post.
“We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill,” Chesky says.
—AFP—
If you’d like to comment, join
The Times of Israel Community.
The Times of Israel Community.
JOIN THE TOI COMMUNITY
Already a member? Log in here