In the morning of March 29th, Beijing time, according to foreign media, a person familiar with the matter said that in order to adapt to the impact of the new pandemic virus global pandemic on business, Airbnb will temporarily suspend recruitment and various marketing activities.
The company’s founder will be temporarily suspended and senior executives will be cut by 50% over the next six months. In addition, Airbnb employees have been told that they are unlikely to receive 2020 bonuses. The person familiar with the matter said that the scope of the cessation of recruitment basically covers all positions, with the exception of a few key positions.
For Airbnb, this is a dramatic turn. Just before a new coronavirus infected the United States last month, the company was expected to become the hottest technology company IPO this year. The company has arranged for a group of bankers to lead the IPO, and they will judge whether Airbnb can achieve a private market valuation of $ 31 billion from 2017. Some media reported in February this year that Airbnb lost $ 322 million in the first nine months of last year. Prior to this, the company achieved a profit of $ 200 million in 2018 due to increased spending.
Now, Airbnb is facing a travel industry that is struggling around the world, and the company is refunding guests who cancel their reservations. The US Travel Association predicts that the US tourism industry will lose 4.6 million jobs this year.
According to statistics from Johns Hopkins University, there are more than 585,040 cases of coronavirus infection worldwide, of which at least 26,619 people have died. There are at least 97,028 coronavirus infections in the United States, and at least 1,475 deaths. (Sakura)