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.

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