Airbnb Lays Off 1,900 Employees As Coronavirus Halts Travel Industry

Airbnb's CEO Brian Chesky announced significant impacts on the company due to the pandemic, predicting 2020 revenue to be less than half of the previous year. He emphasized the need for Airbnb to adapt to changes in travel. The company is providing resources for laid-off employees, including job search assistance and allowing them to keep their laptops. In the US, laid-off employees will receive severance pay based on their tenure.

What major challenge did Airbnb face due to the coronavirus pandemic?

• Difficulty in launching new services

• A significant drop in revenue

• A surge in customer complaints

• Increased competition from other travel companies

How does Brian Chesky suggest Airbnb should respond to the changes in the travel industry?

• By expanding into new markets

• By increasing marketing efforts

• By evolving the company to adapt to new travel trends

• By reducing the number of employees

What resource did Airbnb offer to laid-off employees to help them find new jobs?

• Career counseling sessions

• Access to a job search website

• Free online courses

• Networking events

What additional support did Airbnb provide to US employees who were laid off?

• Relocation assistance

• Health insurance for a year

• 14 weeks of base pay plus an additional week for each year worked

• Stock options

What did Airbnb allow laid-off employees to keep to assist in their job search?

• Laptops

• Mobile phones

• Company cars

• Office furniture