Articles tagged “layoffs”

Property management companies such as Vacasa and others in the short-term rental sector are under pressure and have been forced to reorganize.

The economic downturn is decimating the event tech sector hard, particularly virtual event tech platforms. This won't be the last round of layoffs as investors lose confidence in the sector.

When one of event tech’s largest providers makes the difficult decision to cut almost a third of its staff it sends shivers down the spine of everyone working in the sector.

Property manager AvantStay said Friday its employee roster was subject to 43 "job reductions" in the past 30 days.

The hospitality brand has had to take action to reassure investors it's not over-stretching itself, because they'll now be expecting much higher revenues as travel roars back.

We could hear more about Booking Holdings' rationale for eliminating a chunk of Booking.com's customer service workforce when the parent company reports its fourth quarter earnings February 23. It saves money to outsource operations, but doesn't foster better relationships with customers.

UK-based event tech unicorn Hopin is laying off 12 percent of its workforce, including its chief marketing officer, as it reels from the impact of Covid on events. 

Airbnb is smart to focus on its core accommodations' business, if that is indeed what it is really doing. The company has time to deal with all of the other stuff, from flights to hotels and experiences, once a real-life travel recovery has a pulse.

The bean counters, meaning the financial experts, at all of the major online travel companies have their work cut out for them as they monitor and try to predict the shape and timing of any potential travel recovery. These companies need to be nimble, and hoard their cash.

In Skift's top stories this week, Expedia conducted another round of layoffs, tech investors are drooling over the events industry, American Airlines is mulling bringing back the 737 Max before the end of the year, and Google founding itself dealing with a U.S. antirust lawsuit.