Re:Airbnb Plans to File Confidentially for IPO in August
by jdm2212 on Wednesday August 12, 2020 @01:06AM
(#24128748)
> Airbnb had to fire 1/4 of its staff
It's not so much "had to fire 1/4 of its staff" as "fired 1/4 of its staff preemptively because by the time you actually have to fire 1/4 of your staff, it's too late". As a bonus, if it turns out the cuts weren't necessary, they look really good going into the IPO because their biggest cost (labor) dropped by a lot.
It's not so much "had to fire 1/4 of its staff" as "fired 1/4 of its staff preemptively because by the time you actually have to fire 1/4 of your staff, it's too late". As a bonus, if it turns out the cuts weren't necessary, they look really good going into the IPO because their biggest cost (labor) dropped by a lot.