Articles tagged “layoffs”

News Blog

Property Manager AvantStay Lays Off 22 Percent of Workforce in Second Round of Cuts

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. An Avantstay property in Isle of Palms by Charleston, South Carolina. Source: AvantStay. This followed the Los Angeles-based vacation rental firm eliminating some 43 jobs…

Short-Term Rentals

Vacasa Lays Off 280 Employees as New CEO Sets Sights on Profits

It's tough for a new boss, like Vacasa CEO Rob Greyber, to come into a job and then have to make significant layoffs. It's tougher for impacted employees, however.

Vacasa Lays Off 280 Employees as New CEO Sets Sights on Profits

Short-Term Rentals

Vacasa Eliminates 25 Sales Jobs After Hiring Binge

Property management companies such as Vacasa and others in the short-term rental sector are under pressure and have been forced to reorganize.

Vacasa Eliminates 25 Sales Jobs After Hiring Binge

Skift Meetings

Hopin Cuts Staff for Second Time This Year

The economic downturn is decimating the event tech sector hard, particularly virtual event tech platforms. This won't be the last round of layoffs as investors lose confidence in the sector.

Hopin Cuts Staff for Second Time This Year

Skift Meetings

Bizzabo Cuts a Third of Staff as Event Tech Braces for Downturn

When one of event tech’s largest providers makes the difficult decision to cut almost a third of its staff it sends shivers down the spine of everyone working in the sector.

Bizzabo Cuts a Third of Staff as Event Tech Braces for Downturn

News Blog

AvantStay Says It Conducted 43 ‘Job Reductions’ in the Past 30 Days

Property manager AvantStay said Friday its employee roster was subject to 43 "job reductions" in the past 30 days. The company argued that these weren't layoffs because they came as part of a "gradual reorganization." There actually was a net reduction of 19 employees over the last month because the company, which has around 600…

Hotels

Sonder Slashes Workforce by More Than 20 Percent, Including Top Tech Exec

The hospitality brand has had to take action to reassure investors it's not over-stretching itself, because they'll now be expecting much higher revenues as travel roars back.

Sonder Slashes Workforce by More Than 20 Percent, Including Top Tech Exec

Online Travel

Booking.com to Eliminate 2,700 Customer Service Jobs

We could hear more about Booking Holdings' rationale for eliminating a chunk of Booking.com's customer service workforce when the parent company reports its fourth quarter earnings February 23. It saves money to outsource operations, but doesn't foster better relationships with customers.

Booking.com to Eliminate 2,700 Customer Service Jobs

EventMB

Hopin Lays Off Workers on Impact From Covid

UK-based event tech unicorn Hopin is laying off 12 percent of its workforce, including its chief marketing officer, as it reels from the impact of Covid on events. 

Hopin Lays Off Workers on Impact From Covid

Hotels

Airbnb CEO Dodges Question Over Whether Company Is Overvalued at $113 Billion

Airbnb is smart to focus on its core accommodations' business, if that is indeed what it is really doing. The company has time to deal with all of the other stuff, from flights to hotels and experiences, once a real-life travel recovery has a pulse.

Airbnb CEO Dodges Question Over Whether Company Is Overvalued at $113 Billion