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Sonder CEO Davidson steps down as Marriott deal completes
Reading Time: 2 minutesUS: Francis Davidson, co-founder and former CEO of Sonder, has stepped down from the company this week with chairperson of the board Janice Sears holding an interim CEO title. Writing on LinkedIn, Davidson announced his departure from Sonder. He wrote: “Building Sonder was an epic journey. From a college-student experiment to $143 million revenues in […]
Davidson replaced as board chairperson at Sonder
Reading Time: 2 minutesUS: Short-term rental apartment management company Sonder has announced a number of key changes to its board of directors with immediate effect, including co-founder and CEO, Francis Davidson, being replaced as board chairperson.
Sonder inks licensing agreement with Marriott
Reading Time: 2 minutesWorldwide: Short-term rental apartment management company Sonder has entered into a long-term licensing agreement with Marriott, in addition to securing $146 million in liquidity.
Sonder trims portfolio and announces $10m financing
Reading Time: 2 minutesUS: Short-term rental apartment management company Sonder has announced significant reduction in its portfolio and a $10 million financing to “improve the company’s unrestricted liquidity”.
Sonder lays off 17 per cent of team in latest round of cuts
Reading Time: 2 minutesUS: Short-term rental and hotel management company, Sonder, is set to make 106 corporate employees redundant, accounting for 17 per cent of the company’s corporate workforce, by the end of March.
What we learned at the 2023 Skift Short-Term Rental Summit
Reading Time: 6 minutesUS: STRz attended the Skift Short-Term Rental Summit in New York City – the first part of our content and media partnership with Skift focusing on events this year – and there were plenty of intriguing takeaways to unpick from an agenda containing a host of distinguished industry speakers.
Sonder and Vacasa face potential Nasdaq delistings
Reading Time: 3 minutesUS: Property management companies Sonder and Vacasa, have each received notice from the Nasdaq Stock Market that they face being delisted within the next 180 calendar days if they do not comply with minimum bid price requirements.
Sonder expands business travel segment
Reading Time: 2 minutesUS: Next-generation hospitality company Sonder is expanding its business travel segment to include group bookings.
Sonder reduces workforce by 14 per cent in latest layoff round
Reading Time: 2 minutesUS: Short-term rental lodging firm Sonder is making around 100 corporate employees redundant, amounting to close to 14 per cent of the startup’s overall workforce.
Sonder makes sweeping job cuts in company restructuring
Reading Time: 2 minutesUS: Next-generation lodging firm Sonder has announced a restructuring across its organisation, which will trigger the laying off of 21 per cent of its corporate team and seven per cent of its frontline staff.