SOTM 47: Airbnb Cuts 25% of Staff. Still Hope for a V-Shaped Recovery?

Last week, Airbnb CEO Brian Chesky confirmed that the company will cut its workforce by roughly 25 percent. Considering how hard COVID-19 hit Airbnb’s business, this isn’t surprising. What’s surprising is the extremely generous severance package the company put together for former employees. Is this a sign that the Airbnb execs expect recovery to take much longer than U.S. financial institutions predict? Is it time to stop hoping for a V-shaped recovery and start preparing for a long-lasting recession? Find out on today’s State of the Market podcast. Get Instant Access to Hundreds of Free Real Estate Tools Visit hibandigital.com/toolbox Claim Real Estate Discounts, Free Trials, and More Visit hibandigital.com/resources Sponsors Rebus University - Get Over $10,000 in Real Estate Training for as Little as $97 Visit futureofrealestatetraining.com PadHawk - Find Your Market's Best Leads for FREE with a 7-Day Trial Visit padhawk.com Roddy's FLS - Discover Unbeatable Real Estate Deals with a FREE Foreclosure List Visit 4closure.info