AvantStay Cuts Nearly 10% of Workforce

AvantStay confirmed late Tuesday afternoon it cut 37 employees, or nearly 10% of its workforce. Responding to a Skift inquiry, the Los Angeles-based vacation rental property manager tied the layoffs to platform and tech improvements, adding that the company is profitable.

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"As part of our ongoing reorganization strategy to drive operational efficiency and reduce operational silos, we recently underwent a reorg that affected less than 10% of our workforce," the company said in an emailed statement. "This is largely due to our fully proprietary platform and technology efficiencies that we’ve gained over the past six months."

Several vacation rental property managers have faced a "new normal" in recent months in the fa