https://layoffcheck.com/companies/vacasa Layoff and WARN notices reported for Vacasa. en-us https://layoffcheck.com/companies/vacasa#2024-05 https://layoffcheck.com/companies/vacasa#2024-05-819 Thu, 09 May 2024 12:00:00 GMT Vacation rental management company Vacasa announced 800 layoffs on May 9, 2024, equal to 13% of its total workforce and 40% of its corporate and central operations staff, as the Portland-based company dealt with falling bookings and softer-than-expected nightly rates. The cuts were the second round of the year, following a February reduction of about 320 roles, and came after Vacasa reported a net loss of roughly $141 million in the first quarter of 2024. CEO Rob Greyber framed the move as a "significant restructuring" intended to localize sales, marketing, and revenue management functions, a reorganization estimated to cost the company $8 to $9 million. In the Portland and southwest Washington region alone, 47 positions were eliminated. No severance details were disclosed publicly. https://layoffcheck.com/companies/vacasa#2024-02 https://layoffcheck.com/companies/vacasa#2024-02-937 Wed, 28 Feb 2024 12:00:00 GMT Vacation rental operator Vacasa announced 320 job cuts on February 28, 2024, equal to 5% of its workforce, as softening demand for domestic rentals weighed on the business heading into the year. In a shareholder letter, management wrote that "2024 is off to a difficult start," flagging that booking values were expected to remain weak through at least the first half of the year. The company's revenue fell 6% to $1.2 billion in 2023 and it posted a $528 million full-year loss, with fourth-quarter sales down 19% year over year. Vacasa set aside $4 million to $5 million for severance and related costs. The cuts were accompanied by the departure of Chief Operating Officer John Banczak, effective March 31. It was the second significant reduction in just over a year; Vacasa had eliminated roughly 1,300 positions in January 2023. Shares fell more than 20% in after-hours trading following the announcement. https://layoffcheck.com/companies/vacasa#2023-01 https://layoffcheck.com/companies/vacasa#2023-01-2311 Tue, 24 Jan 2023 12:00:00 GMT Vacasa reported a workforce reduction in Portland in January 24, 2023. https://layoffcheck.com/companies/vacasa#2020-03 https://layoffcheck.com/companies/vacasa#2020-03-4412 Fri, 20 Mar 2020 12:00:00 GMT Vacasa reported a workforce reduction in Portland in March 20, 2020.