💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Airbnb says employees can opt to work remotely until August 2021

Published 08/26/2020, 10:56 AM
Updated 08/26/2020, 11:00 AM
© Reuters.

(Reuters) - Short-term home rental company Airbnb Inc said on Wednesday its employees could choose to work remotely through the end of August 2021, even if some of its offices reopened as COVID-19 restrictions ease.

The company said it would provide a $300 stipend for home office equipment, with an additional $200 to cover ergonomic equipment.

Airbnb said its employees will also have the option to temporarily relocate to states and countries where the company is set up to support them.

U.S. guests were increasingly using its platform to support remote working and temporary relocations, Airbnb said.

The volume of reviews by U.S. guests mentioning "remote working" or "work remotely" since the start of the pandemic has nearly tripled from the same period last year, according to the home rental company.

© Reuters. Small toy figures are seen in front of diplayed Airbnb logo

Airbnb last week filed confidentially for an initial public offering with U.S. regulators, underscoring a rebound in parts of the travel industry, battered this year by the pandemic.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.