Re:Citing revenue declines, Airbnb cuts 25% of workforce
by adrianmonk on Tuesday May 05, 2020 @08:56PM
(#23086866)
When Warren Buffett completely divests Berkshire Hathaway of all airline stocks, as he recently did, I think it's a reasonable bet that travel is going to be down for a while.
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Re:Citing revenue declines, Airbnb cuts 25% of workforce
by mywittyname on Tuesday May 05, 2020 @10:50PM
(#23087490)
Airlines are very capital-intensive, and those are exactly the type of industries that do not weather recessions very well. One does not simply lay off a 50 million dollar jet. It needs to be maintained -- regardless of whether or not it is in the air, making you money, or it's grounded in a hanger.