Press Play with Madeleine Brand
Airbnb cuts 25% of its employees, faces major revenue loss due to COVID-19
With COVID-19 disrupting much of the hospitality industry, Airbnb and its hosts have lost more than $1 billion in bookings.
By Madeleine Brand • • 1 min readWith COVID-19 disrupting much of the hospitality industry, Airbnb and its hosts have lost more than $1 billion in bookings. With fewer renters, hosts are on the hook for rent and mortgage payments.
Airbnb’s CEO says the company expects revenues to be cut in half this year, compared to last year’s numbers. Airbnb has also announced it’s laying off a quarter of its staff — nearly 2000 employees.
The full episode
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The future of amusement parks- 0:00How might Disney, Universal, Six Flags reopen their theme parks during COVID-19?
- 7:57Airbnb cuts 25% of its employees, faces major revenue loss due to COVID-19You’re reading this
- 17:18James Beard Award finalists honored for their work, out of business, unsure if they’ll survive
- 28:38Netflix’s ‘Hollywood’ explores racism and sexism in the industry
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The full episode
2 of 5The future of amusement parks- 0:00How might Disney, Universal, Six Flags reopen their theme parks during COVID-19?
- 7:57Airbnb cuts 25% of its employees, faces major revenue loss due to COVID-19You’re reading this
- 17:18James Beard Award finalists honored for their work, out of business, unsure if they’ll survive
- 28:38Netflix’s ‘Hollywood’ explores racism and sexism in the industry
- 39:46American Youth Symphony director Carlos Izcaray on leading his orchestra virtually