March 24, 2020
Sonder Cuts Workforce by One Third
San Francisco-based hospitality startup Sonder has announced it has laid off 22 per cent of its workforce and furloughed an additional 11 per cent of its staff as the reality of the coronavirus impact on the travel industry bites hard.
According to The Information, those made redundant or furloughed accounts for up to 400 people at a time when bookings of its 5,000 apartments across the United States are believed to be down by 20 per cent. Sonder currently operates around 5,000 apartment units in over 30 cities worldwide.
With bookings down by such a sharp drop, it has having a knock-on effect with incoming revenue, leading it to ask its landlords to relax rent payments for the time being.