Audemars Pigeut Expects Revenue Of Less Than Half Of Last Year To Lay Off 1900 People.
On May 6th, Audemars Pigeut, a short home tycoon, announced that it would lay off 1900 people worldwide and lay off about 1/4.
Epeyoung Chesky, founder and CEO of Brian, said that the company is in the most difficult crisis, the global tourism industry is stagnant and Airbnb's business has been battered. This year's revenue is expected to be less than half of last year's.
And in view of the judgement of the epidemic situation, Cheski said that the company will reduce investment directly related to home stay business, shrink Hotels and Lux and suspend Transportation and Airbnb Studios.
In addition, Audemars Pigeut's layoffs involve all business sectors, but the proportion of layoffs varies. The US and Canadian employees will leave the company in May 11th. Audemars Pigeut will provide 12 months of medical insurance to American employees, and other countries will extend their health insurance to the end of this year. In addition, the company will provide mental health support for 4 months.
It is understood that Audemars Pigeut last month also completed a $1 billion debt financing, Private Equity Investment Firm Silver Lake (Silver Lake) and Sixth Street Partners in the form of bonds and equity investment.
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