Home-sharing platform Airbnb has said it will slash one fourth of its workforce - about 1,900 people - as the coronavirus pandemic crushes the travel industry.
The cuts are needed for the San Francisco-based company to survive until people start travelling anew, Airbnb co-founder and chief executive Brian Chesky said in a blog post. "We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill," Mr Chesky said.
Airbnb said that it will try to soften the blow with benefits including providing 12 months of health insurance to laid-off workers.