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Airbnb cuts 1,900 jobs as coronavirus hits home rentals

Airbnb Inc is laying off 25 per cent of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global travel to a near standstill.

“Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019,” founder Brian Chesky said in a memo to employees.

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