May 5, 2020
Airbnb cuts 25% of staff amid travel downturn
Online booking platform Airbnb is planning to cut 25% of its staff as it grapples with plunging travel due to the pandemic. Boss Brian Chesky said it's not clear when travel will return or what it will look like when it does. The move at Airbnb is the latest sign the travel industry is preparing for a prolonged downturn. Norwegian Cruise Lines warned investors on Tuesday its viability as a company was uncertain, while Virgin Atlantic said it would cut 3,000 workers and quit Gatwick airport. Airbnb's planned cuts will affect about 1,900 people out of the company's 7,500 staff.
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