Airbnb confirms next round of job cut

Online hospitality major Airbnb has laid off 30 percent of its recruiting staff.
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The job cut affected 0.4 percent of the company’s total workforce of 6,800, as it plans to increase headcount this year.

“We’ve become a leaner and more focused company over the last three years. The company expects to grow its headcount this year,” an Airbnb spokesperson said.

Airbnb had already laid off 25 percent of its workforce, or about 1,900 employees.

During the company’s quarterly earnings call last month, Airbnb Chief Financial Officer Dave Stephenson said it is going to hire more people.

Dave Stephenson said he expects headcount growth of 2-4 percent this year against 11 percent headcount growth in 2022.

Airbnb reported 24 percent growth in its revenue for the fourth quarter that ended December 31.

Airbnb has reported $319 million in net income for the quarter as compared with $55 million a year earlier.

Airbnb was encouraged by market share gains in Latin America and continued recovery within the Asia Pacific region.

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