Property Management Company – Avantstay has undergone 2nd round of layoffs letting go of multiple teams across the departments.
Based on the statement from the company, the layoffs had impacted close to 22% of its overall workforce. Letting go of 100+ Employees (based on the employee count currently on the company’s LinkedIn page., 540)
To confirm this round of layoffs, a few of the impacted employees have taken to Linkedin to share the information.
Check out our previous story – Avantstay layoffs in June
AvantStay currently operates in over 100 cities, with a drive-to-market approach, including 1,000+ premier properties across their diversified portfolio, and an AUM of more than $2B. In 2019, AvantStay became one of the initial twelve partners of Homes & Villas by Marriott International, and currently offers direct bookings on more than 60 OTAs.
