The COVID-19 pandemic has significantly impacted Airbnb Inc. (ABNB), with noticeable drops in total listings and an estimated 72% decrease in bookings in 2020 compared to the previous year.
The company was compelled to streamline operations to reinforce its financial health amid the crisis, leading to a workforce reduction of approximately 25%. Additionally, Airbnb raised $2 billion through equity and debt to shore up its balance sheet during the pandemic.
