151–160 of 936 posts
I'm shocked that 2020 revenues will come in only 50% below 2019. I don't think anyone will be travelling for the bulk of this year, especially with the looming threat of potentially getting sick in a foreign country or away from your home. It will take 5+ years for them to get back the same level of inventory/hosts/customers as they had in 2019. Many hosts will foreclose on their rented properties during 2020 or conv…
Good to hear that they are giving a decent severance package.
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Hopefully they have cash to cover the exercise and the taxes! Tough choice to make right when you just lost your job. The tax bill could be tens of thousands of dollars or more.
I'd expect the options might be under water based on recent funding announcements. Probably still expensive to exercise, but I can't see how there would be a tax liability if they are under water.
I'm shocked that 2020 revenues will come in only 50% below 2019. I don't think anyone will be travelling for the bulk of this year, especially with the looming threat of potentially getting sick in a foreign country or away from your home. It will take 5+ years for them to get back the same level of inventory/hosts/customers as they had in 2019. Many hosts will foreclose on their rented properties during 2020 or conv…
For example Argentina has cancelled ALL plane flights (in/out and domestic) until September.. and unless you have signed authority you can't even drive town to town. So anyone that was travelling there is now stuck, and are essentially forced to rent a place and stay put.
A few friends are caught there, and many others in similar situations around the world.
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I would too, but the thing holding me back is if the shit hits the fan, and I need to do something like buy a freezer to store extra food, I can't conveniently do that in an Airbnb. And if I somehow get sick, I'm at the mercy of the doctors and hospitals in this foreign land. I'd rather be in my own home with the doctors and hospital system that I'm familiar with. I think more than 50% of people feel this way, which…
> This is catastrophic for Airbnb. They have a functional system. If they can maintain it going on the cheap, they can pull themselves back up. Still, this gives times for alternatives to come and drink their milkshake.
Separated employees will receive 14 weeks of pay, and one more week for each year served at the company (rounding partial years up). The firm is also dropping its one-year equity cliff so that employees who are laid off with under 12 months of tenure can buy their vested options; Airbnb will also provide 12 months of health insurance through COBRA in the United States, and health care coverage through 2020 in the res…
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Why do people consider AirBnB tech? They are a services company with a website connecting external parties. This isn't hard tech, this is marketing. Edit: It seems people are under the impression that because you have lots of technology that is required to run your company you are a technology company. I don't believe that to be true in this day and age, tire distributors probably have more technology requirements th…
Their core business is a marketplace connecting travelers to hosts and their homes/rooms. That marketplace is software. If you're a company selling a service that is completely software based, are you not a tech company? By the definition you seem to be using, the only companies that can be considered tech are enterprise SaaS.
You're not a technology company just because you rely on software. Walmart makes software too, much more of it than airbnb actually. You're a technology company if you automate away human labour. This doesn't really seem to be the case for most of these 'marketplace' companies which is reflected in their margins. They just have to keep adding more labour as they expand.
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"In many countries, the severance pay is a lump sum that increases with the employee’s tenure in the company and their wage level. In the Czech Republic, Denmark, Hungary, Italy, Lithuania, Poland, Portugal, Slovakia and Spain, employees with service of up to one year are entitled to severance pay (in most cases one month’s pay), while in Luxembourg employees have to have a minimum of five years within the organisati…
It's not, people just love shitting on America. 14 weeks + 1 additional for each year served at US salaries + unemployment + paid health insurance for 12 months is extremely generous compared to the peanuts that Europe pays engineers.
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I would too, but the thing holding me back is if the shit hits the fan, and I need to do something like buy a freezer to store extra food, I can't conveniently do that in an Airbnb. And if I somehow get sick, I'm at the mercy of the doctors and hospitals in this foreign land. I'd rather be in my own home with the doctors and hospital system that I'm familiar with. I think more than 50% of people feel this way, which…
> I’m at the mercy of the doctors and hospitals in this foreign land That’s where you can carefully pick the foreign land whose medical system you trust more than your own home country