Sonder Hands Out Stock Options to 97 New Employees
Key Points
- Sonder hired 97 new non-executive employees and granted them stock options despite recent layoffs.
- The new hires were mainly for city positions and customer service roles due to property openings.
- Sonder's stock closed at 58 cents, down 3.69% on the day of the stock options announcement.
Summary
Sonder has hired 97 new non-executive employees and offered them stock options, despite undergoing layoffs since last year. These hires are primarily for city positions and customer service roles, driven by new property and building openings. The company announced the issuance of 327,600 stock options, while its stock price closed at 58 cents, marking a 3.69% decrease on the day of the announcement.
Despite a couple of rounds of layoffs since the middle of last year, Sonder hired 97 new, non-executive employees, and gave them all stocks options, as is the company's practice.
A Sonder apartment in Rome, Italy. Source: Sonder
These were mostly city positions and customer service jobs, and were a combination of back-filling roles and new ones because of property and building openings, a spokesperson said.
Sonder's careers page lists around 75 open positions from housekeeping leads to front desk hospitality agents and a vice president of design, development and openings in a variety of global destinations.
In its Tuesday announcement, the hospitality company said it granted a total of 327,600 shares of stock options to the 97 new employees as a whole.
Sonder's share price at the Tuesday close was 58 cents, down 3.69 percent for the day.
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