Couchsurfing CEO Steps Down As Sharing Site Lays Off 60 Percent of Staff
Trouble has been brewing at Couchsurfing for more than a year. The startup tried to evolve, but many loyal users criticized the changes for ruining the traveler network. It may be that many Couchsurfers have simply grown up to become Airbnb users, which leaves the service at square one.
Excerpt from TechCrunch
Big changes at Couchsurfing, the social travel site that lets people connect and crash on their sofas and spare beds when visiting each other’s towns. Today, CEO Tony Espinoza announced that he is stepping down as the company lays off staff and refocuses on mobile. In the interim, Jen Billock, who currently is listed as director of member experience at Couchsurfing on her LinkedIn profile, will become the interim CEO as the company embarks on the search for a permanent replacement.
A spokesperson tells us that the full number is about 40% of staff, with now no more than 20 people working at the company.
Also seen at: Venture Beat