Skift Take
The short-term rental sector is growing, but property managers have been having a hard time as supply has outpaced demand.
Travel companies laid off more than 6,600 employees in 2023. The total comes from more than 20 travel companies that disclosed layoffs for various reasons.
Vacasa, a vacation-rental property manager, is the travel company that reported the largest single layoff in terms of total numbers: 1,300 employees. Five other property-management companies made similar moves.
Below is a roundup of travel layoffs in order by the month they were reported.
Some companies disclosed the number of employees cut. For those that shared the percentage only, Skift made an estimate based on the company's total number of employees. In a couple of cases, details came from inside sources only. Vacasa, a vacation-rental property manager, in January eliminated 1,300 positions, about 17% of its workforce. The company had laid off 280 employees the previous October. Vacasa completed the move in an effort to reduce costs and continue focus on becoming profitable, according to an email to employees from CEO Rob Greyber.<