The Covid-19 shutdowns have struck the travel industry, and so it’s no surprise that Airbnb needs to layoff workers. What is surprising is the way Airbnb Co-Founder and CEO Brian Chesky went about it. He released a letter to Airbnb staff, explaining the layoff. Here’s what he did right.
Explained the situation
These are unusual times, and of course, every Airbnb employee knows that the business is not doing well right now. Sometimes, you need to do a layoff even when the overall health of the company is excellent, but you need to take a different turn. Regardless, Chesky explains clearly:
Let me start with how we arrived at this decision. We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill. Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019. In response, we raised $2 billion in capital and dramatically cut costs that touched nearly every corner of Airbnb.
To keep reading, click here: Airbnb’s CEO Shows All Businesses How to Conduct Layoffs