Property Manager AvantStay Lays Off 10% of Staff, Third Round of Job Cuts in a Year
Photo Caption: Pictured is a property in Charleston, North Carolina that AvantStay managed. The company laid off close to 10% of its staff. Source: AvantStay
Skift Take
Early in the pandemic, a bunch of property managers handling multi-family buildings went out of business. Many vacation rental property managers have recently faced a softer reckoning, but an inflection point nonetheless.
Los Angeles-based property manager AvantStay confirmed it laid off "less than 10%" of its staff, or 37 employees, its third round of job cuts in the past 12 months.
"As part of our ongoing reorganization strategy to drive operational efficiency and reduce op
