Online rental company Airbnb is letting go 30 percent of its recruiting staff, according to Bloomberg. The cuts affected 0.4 percent of the company’s total workforce of 6,800 as it plans to expand its workforce this year.
“We have become a leaner and more focused company over the past three years. The company expects to grow its workforce this year,” said an Airbnb spokesperson.
The company had laid off 25 percent or 1,900 employees of its workforce during the pandemic. During the company’s quarterly earnings call last month, Chief Financial Officer Dave Stephenson said it will be hiring more people.
“We will continue to grow, but we will grow modestly,” adds Stephenson, expecting 2-4 percent headcount growth this year, up from 11 percent growth in 2022. Airbnb reported a 24 percent growth in sales for the fourth quarter ended December 31.
It reported $319 million in net profit for the quarter, up from $55 million a year earlier. In the shareholder letter, Airbnb said it sees continued strong demand in early 2023.
The company said it expects to “continue hiring at a sensible pace in 2023”. Airbnb was “particularly encouraged” by market share gains in Latin America and continued recovery in Asia Pacific.
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