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“The startup’s business model, which is leasing apartments at market rental rates and furnishing them for short-term rentals in more than 30 markets, has struggled largely due to the upfront costs involved, associated capital expenditures and variables in demand and rates.”
And so classy: The layoffs, which included full-time, part-time workers and contractors, occurred Tuesday afternoon during “a two-minute Google Meet call.”
I don’t know anything about Frontdesk – were they considered to be an emerging competitor for Airbnb?
At least they had a Google Meet. I worked for an airline that went bankrupt and never informed employees. Employees found out when they went to work at the airport and found the gate closed. All the employees trying to call their supervisors to figure out what was going on and all those telephone numbers out of service. Big companies truly don’t care about their employees.