Vacasa Slashes 17 Percent of Workforce in Second Recent Round of Layoffs
Photo Credit: A property that Vacasa managed. The company laid off 17 percent of staff on January 24, 2023. Vacasa
Skift Take
It's clear that Vacasa's ranks were bloated, and that the company was not very well-run in recent years. Like several other now-struggling, newly public companies, Vacasa faces a challenging road ahead.
Vacation rental property manager Vacasa is eliminating 1,300 positions, which was 17 percent of its workforce, as the company determined it had to make deeper improvements to operations. The firings took place Tuesday, just three months after the company axed 280 staffers.
Skift got a tip Monday night that Vacasa layoffs would take place Tuesday, and the company provided details in a financial filing after the market closed.
In an email to employees Tuesday, Rob Greyber, who became Vacasa CEO in September, said the company soon thereafter changed various aspects of its operations, but realized more recently during the annual planning process "that Vacasa has more work to do." [See the full text of Greyber's email to employees embedded below.]
"As part of this, we need to reduce our costs and continue to focus on becoming a profitable company," Greyber wrote in disclosing "the reduction of approximately 1,300 roles, or about 17 percent of our total wor
