Travel company Airbnb is laying off 1,900 employees, roughly 25% of its workforce, the company announced to employees Tuesday.

According to a memo sent by CEO Brian Chesky, the booking company expects its 36棋牌 revenue will be less than half of what it made in 2019; the company reportedly made almost $5 billion last year. As the COVID-19 pandemic spread across the globe, travel, both domestic and international, has all but ground to a halt — with no clear picture of when leisure and business trips will resume.

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"To those leaving Airbnb, I am truly sorry," Chesky wrote in the memo. "Please know this is not your fault."

It's not clear how layoffs are being spread through the company; Airbnb is headquartered in San Francisco but has multiple offices in Europe. some "internal product groups, including transportation and Airbnb Studios" will be laid off and "hotels and lux work ... will be scaled back."

Employees who have been laid off will receive a minimum of 14 weeks of pay plus 12 months of health insurance for workers based in the U.S.

Airbnb is the latest tech company to implement mass layoffs. Last week, and furloughed another 288.

Katie Dowd is a senior digital editor with SFGATE. Email her: katie.dowd@sfgate.com.