Airbnb 'don’t know exactly' when travel will return, lays off global workforce

Airbnb's business has been hit hard, with revenue this year forecasted to be less than half of was earned in 2019 as global travel come to a standstill due to Covid-19. - AFP

One of the hardest hit industries in the time of Covid-19 is the travel sector and Airbnb is the latest casualty. The home-sharing platform is laying off nearly 1,900 of its employees, comprising about 25% of its global workforce.

Airbnb chief executive officer Brian Chesky said the company’s business has been hit hard, with revenue this year forecasted to be less than half of what was earned in 2019 as global travel come to a standstill.