Re:Citing revenue declines, Airbnb cuts 25% of workforce
by conanbatt on Tuesday May 05, 2020 @05:36PM
(#23085364)
And typically much higher unemployment numbers
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Re:Citing revenue declines, Airbnb cuts 25% of workforce
by r00fus on Tuesday May 05, 2020 @05:44PM
(#23085440)
Not these days. Europe is doing much better than the US in terms of unemployment - wonder why?
Re:Citing revenue declines, Airbnb cuts 25% of workforce
by shuckles on Tuesday May 05, 2020 @08:04PM
(#23086537)
The USA's unemployment rate in March 2020 (4.4%) was lower than the EU's unemployment rate in January 2020 (6.2%) according to a very casual Google search. I'm curious how you're drawing this. Are you saying the EU has lower unemployment today than it did in January?
Re:Citing revenue declines, Airbnb cuts 25% of workforce
by r00fus on Wednesday May 06, 2020 @02:32PM
(#23094627)
It's amusing you post pre-COVID numbers for both regions. Best comparison would be April numbers for both EU and US. The US is around 20% now [1].
The US short-term unemployment numbers are way up, because the US didn't do enough to help small businesses weather the storm, so they laid off their workforce. In contrast the EU supported their businesses and workers and consequently people are taking leave instead of unemployment.
[1] https://www.marketwatch.com/story/millions-of-lost-jobs-may-...
Re:Citing revenue declines, Airbnb cuts 25% of workforce
by conanbatt on Thursday May 07, 2020 @07:13AM
(#23101712)
This is an accounting gimmick. The US has clearer unemployment conditions and also has given relief. In countries in the EU (and it varies a lot) you would see they are still employed, but not working and taking a paycut. That's really the same as unemployed.
In any case my comment was about the meaning of having severance in contrast to having a job, not about crisis handling.
Re:Citing revenue declines, Airbnb cuts 25% of workforce
by shuckles on Sunday May 10, 2020 @07:47PM
(#23137388)
If you meant "these days" as specifically in response to the COVID-19 crisis, we don't have basis for a useful comparison. As another commenter pointed out, the US is delivering economic relief primarily in the form of expanded unemployment coverage whereas Europe is taking a myriad of business support measures. Whether one is better than the other is not obvious yet it's effectively what unemployment numbers would reflect.
Re:Citing revenue declines, Airbnb cuts 25% of workforce
by rubber_duck on Tuesday May 05, 2020 @06:08PM
(#23085674)
As a European I wouldn't be too fast to gloat - the EU is trying to keep jobs on hold but it's not clear to me what will come out of this - it seems like the restrictions are going to be here for a long time and keeping businesses afloat artificially could end up blocking restructuring. My biggest concern right now is that migration restrictions are going to kill seasonal manual labor migration and government unemployment subsidies will prevent local population from taking up that work - we could end up with major issues in things like crop harvesting.
Re:Citing revenue declines, Airbnb cuts 25% of workforce
by 9HZZRfNlpR on Tuesday May 05, 2020 @06:24PM
(#23085841)
Where is that? Many countries are already taking seasonal workers with 14 day quarantine.