scorecardAirbnb went from a likely 2020 public debut to laying off 1,900 people and cutting projects. Here's how we got here.
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Airbnb went from a likely 2020 public debut to laying off 1,900 people and cutting projects. Here's how we got here.

Business Insider   

Airbnb went from a likely 2020 public debut to laying off 1,900 people and cutting projects. Here's how we got here.
Tech3 min read
  • The coronavirus pandemic has stalled Airbnb's big 2020 plans, including a potential initial public offering.
  • As business dropped off dramatically, the travel giant cut 25% of its workforce in May.
  • Now, Airbnb is betting on longer-term stays and online experiences as it navigates the pandemic.
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Airbnb had been a hotly-anticipated candidate for a 2020 public market debut before the coronavirus pandemic grounded travelers.

The company, once valued at roughly $31 billion by private investors, is among numerous high-profile "sharing economy" companies built during the past decade whose businesses are now being devastated by the crisis.

Now, it's slashed jobs and the company is reimagining itself as a platform for longer-term stays as opposed to just quick vacations.

Here's everything we know about what's going on inside Airbnb:

Layoffs and other workforce changes

New business focuses

Road to an IPO

Leadership

Investments

Changes for hosts

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