Airbnb is to cut 25 per cent of its workforce and scale back its efforts to lure high-end travellers as it seeks to stem its coronavirus-related losses.
Brian Chesky, chief executive, told staff on Tuesday that 1,900 of the accommodation booking company’s 7,500 workers would be dismissed as soon as next week.
The company is forecasting its revenue for 2020 to be less than half of what it took in last year, according to a letter sent to staff.
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