Articles tagged “layoffs”

Despite fears of a looming recession, luxury travel has been very strong. However, luxury subscription brand Inspirato has slashed its workforce and downgraded full-year guidance, seemingly hiding deeper issues within the company behind a veil of macroeconomic uncertainty.

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.

Oyo, in preparation for its upcoming IPO in 2023, is doing a major reorg of its organizational structure and cost base. It has announced it is letting go of 600…

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.

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.

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

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.

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.

Property manager AvantStay said Friday its employee roster was subject to 43 "job reductions" in the past 30 days.

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.