Rumor: Airizu Lays Off 80% of Staff
Donews, 5/17/13
According to an industry source, Beijing-based online short-term house rental site Airizu.com has laid off 80% of its workforce, reducing the company from 150 employees to approximately 30 employees, who are having difficulty maintaining everyday site operation. Airizu's funding has also been cut off by the site's parent company, German startup incubator Rocket Internet.
According to the source, Airizu's inability to control its costs was the primary reason for the site's business decline, leading to Airizu's need to downsize. Rocket Internet has also required that Airizu cut expenses and downsize its staff. Airizu has also been struggling to grow its business, and has encountered a number of personnel and management problems.
Keywords: Internet funding Airizu online classifieds online real estate HR Rocket Internet short-term rental
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