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Airbnb CEO Brian Chesky. Photo by Bloomberg
The Takeaway
uber/lyft

The Truth About Airbnb and Uber Layoffs

Photo: Airbnb CEO Brian Chesky. Photo by Bloomberg

When Cory broke the news that Airbnb was planning to lay off 25% of its staff this week, I wasn’t surprised by the cuts. The pandemic has wiped out demand for travel. It has been clear that no travel business would be spared from cost-cutting. 

But the scope of the cuts—a quarter of the company or some 1,900 people—did surprise me. 

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