Airbnb fires contractual workers, postpones undergrad hiring

It will also reportedly delay hiring undergrad hiring until 2021. It informed workers that they will be receiving notices from their third-party agencies. Some of the workers said even their managers appeared to have no prior information of the layoffs and has terminated contingent workers’ contracts early

TC’s Natasha Mascarenhas has since learned StubHub, Glassdoor, Funding Circle and Checkr have also cancelled their respective internships.

TechCrunch has since heard from an incoming intern that he was notified and that he’s now scrambling to find a new internship

These personnel changes come just one day after Airbnb secured a $1 billion loan. Earlier this month, Airbnb raised an additional $1 billion in debt and equity.