Skift Take
This was Vacasa's fourth layoff round since CEO Rob Greyber took over in September 2022.
Vacasa announced that it laid off 800 employees, or 13% of it workforce, as it restructured the company.
The layoffs included 40% of its corporate and central operations staff, and 6% of its employees in the field.
"These changes will implement a reorganization of the Company’s operations, to further equip its field teams to locally manage, and be accountable for, their markets, while significantly reducing the Company’s central corporate footprint," the property management company said in a financial filing Thursday after the market closed.
In a shareholder letter about first quarter results, Vacasa said it would reorganize local teams to run operations. The company pl