Airbnb 'don’t know exactly' when travel will return, lays off global workforce


Airbnb's business has been hit hard, with revenue this year forecasted to be less than half of was earned in 2019 as global travel come to a standstill due to Covid-19. - AFP

One of the hardest hit industries in the time of Covid-19 is the travel sector and Airbnb is the latest casualty. The home-sharing platform is laying off nearly 1,900 of its employees, comprising about 25% of its global workforce.

Airbnb chief executive officer Brian Chesky said the company’s business has been hit hard, with revenue this year forecasted to be less than half of what was earned in 2019 as global travel come to a standstill.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Travel

Exploring one of Spain’s most charming cities, Valladolid
Monsoon festival to take over Perhentian Island in December
Four top things to do in Male on the island of Maldives
Sabah's Mt Tambuyukon is a hidden hiking gem
Explore the natural beauty of Maldives, a spectacular island escape
Malaysian archers hit the mark at Andaman Archery Championship in Satun, Thailand
The kayak that rocks marriages: Why tandem kayaks are called 'divorce boats'
Essential tools to make you a happy camper, from fans to sleeping pads
Cycle the Morib-Tanjung Sepat trail in Selangor for a perfect weekend getaway
Malaysia named 'Destination Of the Year' at Tripzilla Excellence Awards 2024

Others Also Read