Sonder's growth is slowing by design and because of macroeconomic conditions. It is committed to the promised land of 2023, when it hopes to turn red ink to green.
In a second round of cuts since mid-year, property manager AvantStay laid off 144 staffers, about 22 percent of its workforce, according to a published report from Short Term Rentalz.
The job losses at big tech brands including Facebook and Twitter present a big challenge for those companies and the talent they've lost. But the travel industry dealt with much of this in 2020. What's next?
While Big Tech is laying off thousands, the travel tech companies interviewed for this column are hiring dozens of people. That's good for now, but we will see how hard the global economy gets hit next year. If too hard, some cutbacks may be inevitable.
Busbud, an online marketplace for bus and other ground transport tickets, is now offering more software services to operators in that industry following a company acquisition.
If more companies plan on building travel programs using tech from a mix of agencies "like a Lego house," the larger agencies need to start accommodating that, delegates at the Global Business Travel Association's European conference heard.