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Zeus Living joins growing list of companies to lay off staff
Reading Time: < 1 minuteUS: Furnished apartment provider Zeus Living has joined the growing list of companies in the real estate and travel sectors to lay off a significant portion of its staff. The firm, which provides furnished spaces for business travellers primarily, is laying off around 80 people from its workforce, which represents roughly 30 per cent of […]
Vacasa announces large-scale layoffs with immediate effect
Reading Time: 2 minutesUS: Portland-based vacation rental management platform Vacasa has notified its employees of an unspecified number of layoffs from the company, believed to be in the hundreds, with immediate effect. The company says it is making workers redundant across all functions globally and, in a statement released on Friday, it attributed the job losses to the current […]
Lyric to lay off 20 per cent of staff
Reading Time: 2 minutesUS: The Airbnb-backed short-term rental brand Lyric has laid off around 20 per cent of its staff. The company, which partners with multifamily landlords to offer apartments to business travellers, is laying off a least 25 people as part of a restructuring plan. Lyric currently operates nearly 600 units in around 14 cities worldwide. It […]
OYO announces layoff round in India and China
Reading Time: 2 minutesIndia: Franchised short-term rental and hotel startup OYO has announced a significant layoff round, letting go of thousands of their employees across the core markets of India and China. The company has announced a five per cent layoff of its 12,000 staff members in China, and 12 per cent of its 10,000 employees in India, […]