Wednesday 25 March 2020

Another bloodbath: Lyric to slash jobs, drop units

Lyric, the Airbnb-backed hospitality startup, is drastically downsizing — just a month after laying off 20 percent of its staff. With the coronavirus pandemic bringing travel to a standstill, the San Francisco-based company gave pink slips to the majority of its 100 employees on Friday, sources said. A spokesperson for the company confirmed that 80 percent of Lyric’s staff was told that if the macro economic environment doesn’t change in two months, the company cannot



source https://therealdeal.com/2020/03/25/another-bloodbath-lyric-to-slash-jobs-drop-units/

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