GetYourGuide, supported by SoftBank, is shedding round 100 staff and creating alumni paperwork to assist them discover new jobs


Employee of the online travel start-up & # 39; GetYourGuide & # 39; at the company headquarters in Berlin.

Jens Kalaene | Image Alliance | Getty Images

LONDON – GetYourGuide, the Berlin-based activity booking start-up, has laid off nearly 100 employees as the coronavirus pandemic continues to affect the travel industry.

The company was supported by SoftBank in a $ 484 million financing round last year.

"We are at a turning point in our journey and we have made adjustments to our workforce," GetYourGuide spokesman Will Gluckin said in a statement emailed to CNBC.

"As our vision of the market's path to recovery became center stage, it became clear that we had to adjust our business to reflect current realities. Those who leave our ranks are deeply grateful, and those who stay will." lean into each. " other and push forward. "

The news was first reported by the German start-up publication Grunderszene, according to which around 90 people were laid off last Tuesday.

GetYourGuide declined to comment on its latest headcount, but the company's press page, which has not been updated since the layoffs, says it has "645+ employees".

GetYourGuide has created an alumni directory for which 67 people have registered so far in order to help the laid-offs find new jobs. This includes their specialist areas as well as the place of work and their contact details.

The job cuts off come after Google got online tour operators to pay for their advertising expenses over the summer, despite revenue being hit hard by lockdowns worldwide.

"The problem of collecting payments only applies to a very small number of travel companies, and virtually all of our partners in the industry have no overdue invoices with us," a Google spokesman told CNBC. "In fairness, we are applying the same rules equally to all of our customers who ask for relief, both in the travel sector and in the many other sectors affected by the pandemic."

The entire travel industry has been decimated by the coronavirus pandemic.

TripAdvisor laid off around 900 employees in April and Airbnb laid off 1,900 employees (25% of the workforce) in May. The home sharing platform has also set up a talent directory to help people find new roles.

Digital companies are not the only ones in the travel sector to be hit by the pandemic. Almost all the major airlines in the world have downsized their workforce as planes continue to stay on the ground while some hotel groups have done the same.


Katherine Clark