LONDON— GetYourGuide, the Berlin-headquartered exercise reserving start-up has laid off near 100 workers because the coronavirus pandemic continues to take its toll on the journey business.
The corporate was backed by SoftBank in a $484 million funding spherical final yr.
“We’re at an inflection level in our journey, and have made changes to our workforce,” mentioned GetYourGuide spokesperson Will Gluckin in an announcement shared with CNBC by way of e mail.
“As our view of the market’s path to restoration has come into focus, it is grow to be clear that it was crucial for us to adapt our firm to the current actuality. These leaving our ranks have our deepest gratitude, and people staying on will lean into one another and push ahead.”
The information was first reported by German start-up publication Grunderszene, which mentioned round 90 folks had been laid off final Tuesday.
GetYourGuide declined to touch upon its newest headcount however the firm’s press web page, which hasn’t been up to date because the layoffs, says that it has “645+ workers.”
In an effort to assist those that have been laid off to search out new jobs, GetYourGuide has created an alumni listing that 67 folks have signed as much as up to now. It consists of their areas of experience, together with the place they’re capable of work and their contact particulars.
The job cuts come after Google made on-line journey corporations pay their promoting payments in the summertime, regardless of revenues being hit considerably by lockdowns world wide.
“The difficulty of funds assortment applies to solely a really small variety of journey corporations, and just about all of our companions within the business should not have overdue payments with us,” a Google spokesperson advised CNBC on the time. “As a matter of equity, we’re making use of the identical guidelines equally to all of our purchasers asking for reduction, throughout each journey and the various different sectors that’ve been impacted by the pandemic.”
The journey business as an entire has been decimated by the coronavirus pandemic.
TripAdvisor laid off round 900 folks in April, and Airbnb laid off 1,900 workers (25% of its workforce) in Could. The house-sharing platform additionally arrange a expertise listing to assist folks discover new roles.
Digital companies aren’t the one ones within the journey sector struggling by means of the pandemic. Nearly all the world’s main airways have slashed the dimensions of their workforces as planes stay grounded, whereas some lodge teams have executed the identical.