Two months have passed since the outbreak. Airbnb laid off a quarter of its employees—1,900 people. The company had approximately 80% of its business lost by the end of the year, even though it had an IPO. to Brian Chesky, CEO of the Pandemic, explains The Sunday Review in Interview on Wednesday
“We didn’t know when [the business] was coming back,” He says.
It has been terrible to see layoffs. Perhaps they are different because it dispels the corporate illusion that work was like a family. to Work is not more than a dollar sign – cut costs! and decimal points.
Even Chesky, co-founders Nathan Blecharczyk and Joe Gebbia, built Airbnb The idea of belonging and A sense of intentional morality that contrasts with Silicon Valley darlings.
“How does a company whose mission is centered around belonging have to tell thousands of people they can’t be at the company anymore?” During a May 2020 appearance, he stated this on the podcast Out of the Crisis. “It was a very, very difficult thing to face.”
The recent deluge with layoffs in the tech world have hammered home just how innately callus—verging, in some instances, on cruel—layoffs can be. Only November saw 31200 announcements by tech companies. job cutsAccording to Challenger, Gray & Christmas, a firm that advises employers on layoffs.
Snap, Coinbase, Robinhood, and Tesla is one of many companies that have announced layoffs in These are the most recent months. Amazon is also planning to Lay off thousands of workers. However, none have received the same attention as others. Meta More recently and to an even greater extent, Twitter. Both sides have been criticised for the insensitivity of layoffs (the latter being the case). Twitter) or the careless lead up to Layoffs (the case Meta).
Both would have been better off taking a leaf from the other. Airbnb’s layoff book.
Musk was lacking compassion
Airbnb for how they handled layoffs was lauded in 2020. A memo Chesky wrote, in It was his expression of love for his workers, and it was appreciated. compassionate, empathetic, and a lesson in leadership and communication.
“We did it in a kind of novel way because I did a couple of things: The first thing I did is I wrote this letter that was very transparent. We went step by step about what happened; how we got here,” Chesky democratically notes that recent tech layoffs have been all-inclusive. to bad.
Experts say it’s best to cut deep and Reduce once to Show empathy and offer support and Keep your eyes open and transparent about the company’s direction. A generous severance doesn’t hurt either.
Additionally to Offer a significant severance deal and Chesky is most proud of the alumni directory which provided laid-off employees with health benefits. to Learn from recruiters in other companies who are seeking candidates to You can hire through Airbnb and Field offers for new jobs
On the other end of the spectrum, Musk has been warring with the remaining half of employees he didn’t lay off with little more than an unsigned email dropped in Inboxes after workday (others realized they were out of a) job when they couldn’t log on to They have a company email system or messaging system, which can be a barrier to productivity growth. and Return to office.
Senior citizen Twitter Elon Musk tweeted that engineer had been fired after they briefly sparred on the app. Twitter Android.
“With layoffs you should just make sure you do more than what’s expected, you’re incredibly compassionate, and that you allow people to leave the company with dignity,” Chesky says.
Zuckerberg was ‘overly optimistic’
Chesky also has a different spectrum. “companies were probably overly optimistic over the last two years,” a mistake Meta CEO Mark Zuckerberg copped to When he announced approximately 11,000 layoffs earlier in the month.
“They overhired because they thought what happened the last two years was gonna happen forever,” Chesky says. “There was a huge shift from retail and physical to digital. But I think as people spent more and more time on screens, they said, ‘this can’t be my entire life, I want to get out of the house.’”
Airbnb Chesky says that the company has been relatively small for its size. It employs approximately 6,000 people. and Was planning to Only 7% of the workforce was increased this year, before the economy changed.
“Sometimes the fastest way to grow is to have really small teams that can move really quickly and nimbly,” Chesky says. “We don’t have to make many more changes, the business is going really well. If anything, we’re not stepping on the brakes, we’re really probably stepping on the gas.”
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