Airbnb slashes staff in effort to ride out pandemic

1 Oct 09:22 Key points summarised by AI

Airbnb slashes 1,900 jobs, representing one-fourth of its workforce, to navigate the severe impact of the coronavirus pandemic on global travel.
CEO Brian Chesky emphasizes these cuts are crucial for the company's survival and to refocus on its foundational home-sharing and local experiences.
The company redirects investments away from non-core ventures like transportation and hotels, prioritizing support for its hosts.
Airbnb recently secured $1 billion in new investment and is adapting its strategy to focus on long-term stays and enhanced cleaning protocols to reassure travelers.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.