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Airbnb cut about 25% of its workforce as the coronavirus pandemic disrupted tourism and threatened the company's core business.
On Tuesday, the short-term leasing start-up said it would release 1900 of its 7500 employees worldwide.
"We are collectively going through the most painful crisis of our lives, and global travel has stalled as the crisis begins," Airbnb CEO and co-founder Brian Brian Cheski said in a letter to employees
He added that airbnb's business has been "severely hit" and that it is expected to generate less than half of its 2019 revenue this year. The company recently dabbled in a virtual version of its airbnb experiences, hosted by leading events in more than 30 countries and priced from $1 to $40. Experiences include an online bike ride, meditation with Japanese monks or a cooking class in Morocco.

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