SOTM 47: Airbnb Cuts 25% of Staff. Still Hope for a V-Shaped Recovery?

Last week, Airbnb CEO Brian Chesky confirmed that the company will cut its workforce by roughly 25 percent. Considering how hard COVID-19 hit Airbnb’s business, this isn’t surprising. What’s surprising is the extremely generous severance package the company put together for former employees. Is this a sign that the Airbnb execs expect recovery to take much longer than U.S. financial institutions predict? Is it time to stop hoping for a V-shaped recovery and start preparing for a long-lasting recession? Find out on today’s State of the Market podcast.

Sponsors

Rebus University – Get Over $10,000 in Real Estate Training for as Little as $97 at futureofrealestatetraining.com

MyOutDesk – Book a FREE Business Strategy Session and See How to Grow Your Business with the Help of a Virtual Assistant at myoutdesk.com


FREE Resources for Real Estate Agents

Join the FREE Agent Success Toolbox and Get Immediate Access to Over 200 Real Estate Downloads

Claim Your FREE Copy of Pat Hiban’s Best-Selling Book: 6 Steps to 7 Figures

Claim Your FREE Copy of Tribe of Millionaires by Pat Hiban and David Osborn