![]() Airbnb announced earlier this week that its employees can work remotely forever without any pay penalties, something other companies have imposed.Ĭhesky said Airbnb had its most productive two-year period ever while its staff worked remotely, and said the talent pool available for hire is widened by less restrictive rules on remote work. His remarks are backed by his own corporation. The company predicted second-quarter revenue to be between $2.35 billion and $2.45 billion, which is consistent with analysts' projections.In an interview for Time’s The Leadership Brief published Sunday, Airbnb CEO Brian Chesky called working in an office “an anachronistic form” that’s “from a pre-digital age.” The average daily rate remained unchanged from the previous year at $168. In the first quarter, gross booking value grew by 19 per cent to $20.4 billion, in line with a 19 per cent increase in nights and experiences bookings to 121 million. As a result, the company's shares declined 11.5 per cent during after-hours trading. ![]() Meanwhile, Airbnb on Tuesday anticipated a decrease in bookings and average daily rates for the second quarter compared to the previous year. ![]() He expressed the importance of having people on a single roadmap, having significantly fewer employees, and not having so many first-time managers. Chesky believes that the last ten years of low-interest rates led to a situation where there were too many employees doing too many things. He highlighted that many tech companies were contracting in 2008, and were in a mature zone where, without AI, it seemed like the winners had won. Regarding the broader picture of the tech industry, Chesky acknowledged that interest rates are high, and the startup ecosystem is shaky.
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