Airbnb recorded its first year-over-year quarterly increase in revenue since the pandemic started, part of an earnings report that beat analysts’ expectations and showed the company’s resilience over competitors. The company’s revenue grew to $887 million, up 5% compared with the first quarter last year, when it granted significant refunds to customers at the start of the pandemic. Airbnb...
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Instacart Cuts Staff, Curbs Hiring in Run-up to IPO
Instacart has been letting go of staff, slowing hiring and curbing other expenses as it heads toward a public listing, when the grocery-delivery company will try to convince public investors that it can maintain its growth—and make a profit—as the economy slows. The San Francisco startup over the last two months has fired some of its more than 3,000 workers after holding midyear...
Twitch’s Creators Chief Departs Amid Payout Cutbacks
Amazon Informs Employees It Miscalculated Raises
Google CEO Addresses Employee Questions about Cost-Cutting
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