Although the company has provided few details, the announcement at leasts ends months of speculation that Airbnb was on the verge of an IPO
According to a recent Airbnb survey of 2,200 Americans, more than 50% of travelers are ditching their big city travel plans for nearby destinations
The firm also indicated its industry appears to be recovering from the lows of the coronavirus pandemic
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The layoffs come as the pandemic has largely stopped global travel and after Airbnb previously undertook cost-cutting measures
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The partnership comes amid what Airbnb says is a rise in 'heritage travel,' or trips people take to connect with their ancestors' homelands
The acquisition reportedly comes as Airbnb prepares to go public sometime over the next couple of years
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