Does anyone know what percentage of the call centers are not actual employees but contractors?
The contractors are usually demand based, therefore "invisible" in these stats.
Citing revenue declines, Airbnb cuts 25% of workforce
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Re: Citing revenue declines, Airbnb cuts 25% of workforce
#22Separated 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…
Back in the day, severance packages for white collar workers were close to one month per year served. My father received that from Kodak (Not once, but twice... He had the rare privilege of being laid off (From the same team, no less) in 2009, and then again in 2016. The severance package did not change much between each of his stints of employment.)
With that schedule, anyone who worked at AirBnB for four years or less looks to be in a similar position.
Re: Citing revenue declines, Airbnb cuts 25% of workforce
#23If any iOS engineers from Airbnb are in this thread and looking for what's next, happy to chat. Email in bio.
PSA your email is not actually in your bio.
Re: Citing revenue declines, Airbnb cuts 25% of workforce
#24The most famous unicorn bleeds today.
Acquisition target IMO. While AirBnb bleeds, the FANGs continue to pile up cash.
Google, Facebook, and Apple all have enough cash to buy several AirBnbs rn.
Re: Citing revenue declines, Airbnb cuts 25% of workforce
#25Earlier quoted context omitted.
A lot of tech is getting hit, it seems like Airbnb is more in the spotlight
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…
I’d probably put them in the same category as Etsy: tech-enabled marketplaces.
Re: Citing revenue declines, Airbnb cuts 25% of workforce
#2614 weeks of pay + 1 week / year seems like a silver lining in an otherwise bad circumstance.
The health insurance too. That's huge and really important for US employees, multiplied 10x in a pandemic.
Re: Citing revenue declines, Airbnb cuts 25% of workforce
#27Separated 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…
I’m surprised they were still handing out options - don’t most later stage startups switch to RSUs? I’d hate to have to decide whether to exercise today, cliff or no cliff.
Re: Citing revenue declines, Airbnb cuts 25% of workforce
#28for everyone praising the severance package, laid off employees at kickstarter are getting even more severance and full healthcare (not COBRA) because they unionized: https://twitter.com/ksr_united/status/1256382357311012871
Re: Citing revenue declines, Airbnb cuts 25% of workforce
#29Re: Citing revenue declines, Airbnb cuts 25% of workforce
#30Separated 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…
Yeah that's generous by most standards.
By most American standards