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Real Estate Rockstars Podcast

SOTM 47: Airbnb Cuts 25% of Staff. Still Hope for a V-Shaped Recovery?

Real Estate Rockstars Podcast

Aaron Amuchastegui

Investing, Careers, Business

4.6 • 864 Ratings

🗓️ 11 May 2020

⏱️ 67 minutes

🧾️ Download transcript

Summary

Last week, Airbnb CEO Brian Chesky confirmed that the company will cut its workforce by roughly 25 percent. Considering how hard COVID-19 hit Airbnb’s business, this isn’t surprising. What’s surprising is the extremely generous severance package the company put together for former employees. Is this a sign that the Airbnb execs expect recovery to take much longer than U.S. financial institutions predict? Is it time to stop hoping for a V-shaped recovery and start preparing for a long-lasting recession? Find out on today’s State of the Market podcast. Get Instant Access to Hundreds of Free Real Estate Tools Visit hibandigital.com/toolbox Claim Real Estate Discounts, Free Trials, and More Visit hibandigital.com/resources Sponsors Rebus University - Get Over $10,000 in Real Estate Training for as Little as $97 Visit futureofrealestatetraining.com PadHawk - Find Your Market's Best Leads for FREE with a 7-Day Trial Visit padhawk.com Roddy's FLS - Discover Unbeatable Real Estate Deals with a FREE Foreclosure List Visit 4closure.info

Transcript

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0:00.0

I think in general when people pay multi-month severances they're thinking it's going to take about twice as much to get that back.

0:10.0

So they think five months from now it's not

0:14.2

going to be much better or they would have just kept everybody going and not paid

0:18.0

them so much of a seven-

0:21.4

so much of a seven-

0:22.4

so the big question is this, how do most agents who don't have access to the

0:28.8

secrets that most successful agents hoard to themselves grow and prosper in today's competitive real estate

0:37.6

environment. That's the question and this podcast will give you the answers.

0:43.0

I'm Pat Hyven and welcome to real estate rock stars. World State Rock Stars. This is Aaron Amutche State Rock Stars. This is Aaron Amutche State

0:59.4

and my co-hosts Paul Morris. We are here for State of the the market number 47 is we're entering our second week of May and

1:06.7

man there is a ton of real estate news to talk about so Paul say hi where

1:11.0

you where you calling in from today?

1:13.6

Same lockdown in Santa Monica.

1:16.7

I know that it could be worse for sure,

1:19.6

but if you talk to my 16-year-old daughter,

1:21.8

she would tell you differently

1:23.0

that it could not be worse.

1:25.2

Stuck in the house with me.

1:28.5

My kids especially, they're like,

1:29.7

we are so bored.

1:31.3

Yeah.

1:31.9

Out in Texas, we're getting to go do a little bit more stuff.

...

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