Airbnb News

Airbnb Cutting 25% of Workforce

Airbnb, which was one of the hottest companies in the area, is making major job cuts and laying off 25% of its workforce. CEO Brian Chesky announced in a memo that out of 7,500 Airbnb employees, nearly 1,900 are being let go due to a steep decline in bookings because of the pandemic. Airbnb operates […]

Airbnb News

Airbnb Adds Angela Ahrendts to Board

Former Apple VP of Retail Angela Ahrendts has joined home rental site Airbnb on its Board of Directors. Ahrendts will be the third independent non-affiliated Board Member, joining Ken Chenault and Ann Mather. For the past five years, she oversaw global retail at Apple, helping the company reach more than 500 stores in 25 countries. […]

Airbnb News

Airbnb Hires New CFO From Amazon

San Francisco’s Airbnb has hired Amazon executive Dave Stephenson to be its new Chief Financial Officer beginning in January. Airbnb has a global community of more than 5 million rental listings in 81,000 cities around the world. The company is reportedly profitable and rumored to be launching an IPO in 2019. “Dave is one of […]

Airbnb

Airbnb Closes $1 Billion Round

  Airbnb, the global home rental service, has raised an additional round of funding at just over $1 billion reports CNBC. The company was also profitable for the first time in 2016. The San Francisco-based company has upended the travel industry by letting homeowners rent their properties on a nightly basis to visitors from around […]

Airbnb

Airbnb Now Profitable

  Airbnb, the leading home and apartment-rental company online, has turned a profit beginning in the second quarter of 2016 according to Bloomberg. Since launching in April 2008, Airbnb has become the dominant rental service in the world with over 2 million listings in 34,000 cities in 191 countries. Airbnb makes money by charging guest […]