<story><title>Citing revenue declines, Airbnb cuts 25% of workforce</title><url>https://techcrunch.com/2020/05/05/citing-revenue-declines-airbnb-cuts-1900-jobs-or-around-25-of-its-global-workforce/</url></story><parent_chain><item><author>jdminhbg</author><text>&amp;gt; lower levels of disposable income during the recovery.&lt;p&gt;There&amp;#x27;s also going to be a lot of pent-up demand from people who didn&amp;#x27;t lose jobs and had no outlet for leisure spending during the quarantine. I&amp;#x27;m not sure which will win out.</text></item><item><author>ashtonkem</author><text>I personally suspect that travel related industries will be one of the last to recover, both due to consumer reticence and due to lower levels of disposable income during the recovery.</text></item><item><author>supernova87a</author><text>If Airbnb is willing to pay 14 weeks (3.25 months) of severance, they must believe this is going to go on significantly longer than that.  Or they&amp;#x27;re using this as an opportunity to cut underperformers at the same time.&lt;p&gt;Because if they believed things would start to recover by fall, wouldn&amp;#x27;t you just pay the people as normal and make a judgement call around then?  You&amp;#x27;re spending the payroll money either way -- 14 weeks of severance and people stop working immediately, or 14 weeks of payroll and people are still working.</text></item></parent_chain><comment><author>JMTQp8lwXL</author><text>The pandemic doesn&amp;#x27;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.</text></comment>
<story><title>Citing revenue declines, Airbnb cuts 25% of workforce</title><url>https://techcrunch.com/2020/05/05/citing-revenue-declines-airbnb-cuts-1900-jobs-or-around-25-of-its-global-workforce/</url></story><parent_chain><item><author>jdminhbg</author><text>&amp;gt; lower levels of disposable income during the recovery.&lt;p&gt;There&amp;#x27;s also going to be a lot of pent-up demand from people who didn&amp;#x27;t lose jobs and had no outlet for leisure spending during the quarantine. I&amp;#x27;m not sure which will win out.</text></item><item><author>ashtonkem</author><text>I personally suspect that travel related industries will be one of the last to recover, both due to consumer reticence and due to lower levels of disposable income during the recovery.</text></item><item><author>supernova87a</author><text>If Airbnb is willing to pay 14 weeks (3.25 months) of severance, they must believe this is going to go on significantly longer than that.  Or they&amp;#x27;re using this as an opportunity to cut underperformers at the same time.&lt;p&gt;Because if they believed things would start to recover by fall, wouldn&amp;#x27;t you just pay the people as normal and make a judgement call around then?  You&amp;#x27;re spending the payroll money either way -- 14 weeks of severance and people stop working immediately, or 14 weeks of payroll and people are still working.</text></item></parent_chain><comment><author>ialyos</author><text>But most people are capped to how much they&amp;#x27;ll spend on leisure by their vacation time. So there probably isn&amp;#x27;t much headroom to be gained for people who are regular travellers post this pandemic.</text></comment>