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Reuters first to report Airbnb to lay off 1,900 employees due to coronavius pandemic

Reuters first to report Airbnb to lay off 1,900 employees due to coronavius pandemic

Reuters was first to report that Airbnb is laying off 25% of its workforce due to the coronavirus pandemic, impacting nearly 1,900 employees of the home rental startup, two sources familiar with the matter told Reuters. The impacted employees will receive a four-month pay package, accelerated equity vesting and health insurance for a year. Airbnb founder Brian Chesky said in a company blog post that Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what they earned in 2019