Citing revenue declines, Airbnb cuts 25% of workforce • Hacker News Board

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#701

Post by fourmyle » Wed, May 06, 2020, 4:49 AM UTC

acituan wrote: post #689

missedthecue wrote: post #437

Earlier quoted context omitted.

But your pay would be $50k p.a. rather than $175k

But your healthcare would be very cheap, if not free, wouldn't be tied to your employment; education cost would be minuscule compared to US; kids would benefit from the first two factors too; minimum annual vacation would be 4 weeks, mandated by law. Sticker price doesn't tell the whole story. I'm not saying that the total benefit is lower, but the cost of earning that $175k is definitely much higher than the cost of…

Health care is about $500 a month for someone in their 30s in the USA who is healthy. That doesn’t make up $125k.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#702

Post by onetimemanytime » Wed, May 06, 2020, 4:50 AM UTC

Not privy of their figures but what are they gonna do with the 75% of workforce? Maybe I'm biased related to where I'm sitting, but looks like everything has stopped, travel especially. And looks like 2020 at least will stay that way.

Of course they can't just shut down....they have to hope and be ready.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#703

Post by bryanrasmussen » Wed, May 06, 2020, 4:56 AM UTC

11thEarlOfMar wrote: post #629

pingec wrote: post #612

Earlier quoted context omitted.

Can you provide some references for your claims? Don't know much about Germany but that sounds totally made up as limitation of liability is the key concept behind the invention of companies. https://en.wikipedia.org/wiki/Gesellschaft_mit_beschr%C3%A4n... I would imagine if a director breaks the law, only then he could be personally liable. And in that case I would imagine Germany does have higher standards than US.

https://www.mondaq.com/germany/CorporateCommercial-Law/64529... "If the company is in crisis special obligations arise for a managing director the breach of which may lead to a personal liability of the managing director."

So this is quite a bit different and more limited than "If the company goes bankrupt, so does he." and closer to "I would imagine if a director breaks the law, only then he could be personally liable.", for example Adam Neumann might have had problems if WeWork was a German GmbH.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#704

Post by TylerE » Wed, May 06, 2020, 4:58 AM UTC

eru wrote: post #692

TylerE wrote: post #607

Earlier quoted context omitted.

There is no right to the notice period in the US. They can fire you on the spot.

Many contracts still come with a notice period. So many people have contractual rights to a notice period. No requirement by law, yes. Most contracts with a notice period still allow the company to just pay it out and send you home on the spot.

A very small percentage of US workers have any sort of contract

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#705

Post by Rapzid » Wed, May 06, 2020, 5:00 AM UTC

missedthecue wrote: post #437

rb808 wrote: post #338

Earlier quoted context omitted.

As a European, that isn't great. (options excepted). Usually I thought you get 14 weeks plus a month for every year of service, not a week.

But your pay would be $50k p.a. rather than $175k

Ohhh, spicy! But yeah, don't cry for us USA tech workers(on the whole).

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#706

Post by jashmatthews » Wed, May 06, 2020, 5:00 AM UTC

manigandham wrote: post #685

jashmatthews wrote: post #671

Earlier quoted context omitted.

Like the car? Volkswagen is twice the size of Microsoft by revenue. I'm going with the OECD definition here: https://data.oecd.org/rd/gross-domestic-spending-on-r-d.htm

The car was invented in the 1800s, and has seen mature competitors in many other countries like Japan. In the current century, Tesla is the auto giant leaving behind all the legacy manufacturers while also branching into energy products. Pivotal products are a better milestone than vague estimates of R&D spending.

There's no doubt about Tesla's ability to bring an innovative product to market but they're not a giant by any measure except valuation.

Little known German company ZF has almost double the revenue of Tesla. They also make the transmission for the Porsche Taycan EV that's outselling the 911.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#707

Post by jashmatthews » Wed, May 06, 2020, 5:04 AM UTC

moneywoes wrote: post #698

jashmatthews wrote: post #580

Earlier quoted context omitted.

I had an offer in London as a dev in finance at ~300k GBP total comp and a Series B startup offer over 100k GBP and that was more than 4 years ago. Ended up going with a much smaller seed-stage company in Berlin because I couldn't stomach the finance people and liked Berlin.

Is it ok if I ask your YOE and stack?

10 years as a professional dev, CS degree, 10 years before that as a hobbyist. Regular meetup speaker, couple of international conference invites.

Mainly worked with high traffic Ruby apps but also done production C and Rust. Side interests in VMs and compilers.

These positions exist if you're good, experienced and most of all, not a complete asshole.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#708

Post by redisman » Wed, May 06, 2020, 5:07 AM UTC

jdminhbg wrote: post #433

JMTQp8lwXL wrote: post #408

Earlier quoted context omitted.

The pandemic doesn't end simply because quarantine is lifted. People will seriously question flying or passing through airports, especially as case counts are getting worse while the restrictions are being lifted.

But the pandemic ends eventually, one way or another. The question is what happens at that point: bacchanal or hermitage.

Eventually could be years though. You can't put the travel sector into stasis.

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#709

Post by redisman » Wed, May 06, 2020, 5:08 AM UTC

whymauri wrote: post #505

tenpies wrote: post #469

Earlier quoted context omitted.

I also find it really interesting that no one seems interested in pricing in a second wave of any size. It doesn't even have to be global, just a regional second wave in a tourist hot spot could crush tourism globally.

J.P. Morgan's timeline has a forecasted second wave during mid-late winter 2020-2021. [0] [0] https://www.morganstanley.com/ideas/coronavirus-peak-recover...

Looking at what is happening in the US as of right now, I'm fairly sure the second wave will be more like in July 2020. Unless you count it as still the first wave moving in from the coasts to the heartland and then as it moves back out is that the second wave?

Re: Citing revenue declines, Airbnb cuts 25% of workforce

#710

Post by Mc91 » Wed, May 06, 2020, 5:08 AM UTC

ping_pong wrote: post #53

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…

> 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.

I became an Airbnb customer in early April because of the disease. I was consulting for a client away from home, but my hotel room's mini-fridge was not cutting it, so I rented an Airbnb suite which contained a washer, dryer, oven, microwave, freezer and full refrigerator. I go to the supermarket, stock up on food, and don't have to leave for a week.