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		</div><p>Airbnb is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus.</p>
<p>In a letter to employees, chief executive Brian Chesky said the company is letting 1,900 of its 7,500 workers go and cutting businesses that do not directly support home-sharing, such as its investments in hotels and movie production.</p>
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<p>“We are collectively living through the most harrowing crisis of our lifetime,” Mr Chesky wrote. He said Airbnb expects its revenue to drop by more than half this year.</p>
<p>Mr Chesky said departing employees will receive at least 14 weeks of their base pay.</p>
<blockquote><p>We are collectively living through the most harrowing crisis of our lifetime</p></blockquote>
<p>US employees will continue to receive health care coverage for a year; in other countries, employees will keep their health coverage through the end of this year.</p>
<p>Mr Chesky said travel will eventually return, but will look different.</p>
<p>Airbnb expects travellers will want options that are closer to home and more affordable, for example. The company is scaling back its investments in luxury properties as a result.</p>
<p>Airbnb also recently announced a new cleaning protocol that it is asks hosts to adhere to in order to make travellers feel more secure.</p>
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