Layoffs at Airbnb: 30% of hired workers were fired despite an increase in profits

Bloomberg news agency reported that the decision to lay off affected 6,800, less than 0.4% of the company’s total workforce.

The report comes as a shock as in February this year, the San Francisco-based firm said it plans to expand its overall headcount in 2023.

Chief Executive Officer Brian Chesky said late last year that the state of the economy would not affect how the business is run. Chief Financial Officer Dave Stephenson said on the company’s latest earnings call that it still sees room to hire.

“We’re going to continue to grow, but we’re going to have a modest increase,” Stephenson said last month.

Home-sharing company made painful choices around layoffs during 2017 covid-19 pandemic When the company fired 25% of the employees.

Meanwhile, Waymo, the self-driving technology unit of Alphabet Inc, on Friday laid off 137 employees in a second round of job cuts.

job cuts waymo The layoffs are part of wider layoffs in the auto and tech industry, including Rivian Automotive Inc., General Motors Co. Twitter Inc., and Meta Platforms Inc.

Waymo has eliminated some engineering roles as part of the cuts to “focus on commercial success.” Waymo has cut a total of 209 jobs so far this year.

Alphabet said in January that it would eliminate 12,000 jobs, affecting a significant number of employees supporting experimental projects. Its health sciences unit, Verily Life Sciences, said in January it had laid off more than 200 employees, or about 15% of its workforce.

last month Twitter laid off at least 200 employees, or about 10% of its workforce.

The company has a headcount of approximately 2,300 active employees. Elon Musk last month.

In November last year, the social media platform laid off around 3,700 employees in a cost-cutting measure by Musk, who acquired the company for $44 billion.