Airbnb CEO reflects on fumbled messaging during layoffs: ‘You don't fire members of your family' [Fortune]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Fortune
And there's no worse time to blurt feelings for someone than when you're telling them they're out of a job, Airbnb CEO Brian Chesky learned. “I have a deep feeling of love for all of you,” he wrote in 2020 to laid-off workers. Responding to travel restrictions, the vacation rental company let go of 1,900 employees , almost a quarter of its workforce. Speaking this past May on Adam Grant's podcast ReThinking, Chesky found that hindsight was 20/20 in terms of how he spoke to ex-employees. While layoffs are never considered a good thing, some praised Chesky for striving to be empathetic in his language and providing a generous severance package that included a year's worth of health insurance. But looking back, Chesky admits he fumbled a bit while trying to get his message across. “The reason I used the word love is 'cause that's what I felt at the time,” he says. Though he adds that he was under some pressure, “I wrote that letter fairly quickly. I didn't have a lot of time, and s
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ABNB
Earnings
- 8/6/24 - Miss
ABNB
Sec Filings
- 9/26/24 - Form 4
- 9/24/24 - Form 144
- 9/19/24 - Form 4
- ABNB's page on the SEC website