Airbnb has suspended all of its marketing in an attempt to save $800 million this year. Its founders will also not take any salary for the next six months, and top executives will take a 50 percent pay cut, according to Reuters. The company has paused hiring as well, with the exception of a few key roles. Airbnb had a phone call on Wednesday with bankers to discuss the extension of a $1 billion debt
source https://therealdeal.com/2020/03/30/airbnb-suspends-marketing-cuts-executive-pay-in-half/
No comments:
Post a Comment