Thanks @saf
“Turns out” Airbnb is not a tech company, just like Uber. The advantage that Zoom, Slack and Freetrade have is they’re tech-first companies. @adam @viktor @Ian. I watched an interview with Slack’s co-founder Stewart Butterfield the other day - he was WFH - and he says they’re hiring (for now).
The company’s founders will also be taking on no salary and its executives will take a 50% salary reduction for the next six months.
…
Now the company faces a travel and tourism industry that has shut down across the globe and is refunding guests for cancelations. The U.S. Travel Association expects the industry to lose 4.6 million jobs this year.
Smart move to freeze spending and re-evaluate things:
They must have a lot of friends and VCs who’ve lived through the 90s and 00s advising them on how to weather this tsunami.
“Only the paranoid survive” - Andy Grove (co-founder of Intel).