Airbnb forced to lay off 25% of its workforce

The coronacrisis made Airbnb reduce the size of its workforce

Airbnb workforce

Airbnb forced to lay off 25% of its workforce. Source: flickr.com

Airbnb announced that nearly 1,900 of its teammates will have to leave, comprising around 25% of the company.

Nevertheless, Airbnb offers 5 ways of finding a new job for those who have been cut off.

Firstly, the company will be launching a public-facing website to help teammates leaving find new jobs. Departing employees can choose to have profiles, resumes, and work samples accessible to potential employers.

What is more, a significant part of Airbnb Recruiting will become an Alumni Placement Team. It means that the recruiters that are staying in the company will provide support to departing employees to help them find a new job.

Employees in the US will receive 14 weeks of base pay, plus one additional week for every year at Airbnb. Tenure will be rounded to the nearest year. For example, if someone has been at Airbnb for 3 years and 7 months, they will get an additional 4 weeks of salary, or 18 weeks of total pay. Outside the US, all employees will receive at least 14 weeks of pay, plus tenure increases consistent with their country-specific practices
Brian Chesky, Airbnb Co-Founder and CEO 

Airbnb is also offering 4 months of career services through RiseSmart, a company specializing in career transition and job placement services.

Besides, the company is encouraging all remaining employees to participate in the program to help departing teammates find their next job.

Along with that, Airbnb allows everyone leaving to keep their Apple laptops since a computer is an important tool to find new work.

We’ve reported that Silver Lake and Sixth Street Partners will invest $1 billion in Airbnb through a combination of debt and equity securities.

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