Contractors will reportedly receive no less than two weeks’ pay after receiving notice from their temp agencies.
Airbnb will also reportedly delay hiring undergraduate students until next year. TechCrunch has since heard from an incoming intern that he was notified yesterday and that he’s now scrambling to find a new internship.
Airbnb is not the only tech company to cancel internships amid the COVID-19 pandemic. In March, Yelp canceled its summer internship and TC’s Natasha Mascarenhas has since learned StubHub, Glassdoor, Funding Circle and Checkr have also canceled their respective internships.
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.
TechCrunch has reached out to Airbnb and will update this story if we hear back.
Additional reporting by Natasha Mascarenhas.