Zeus Living

Zeus Living representing approximately 100% of its workforce on 2023-11-07.

Zeus Living laid off 64 employees representing approximately 46% of its workforce on 2022-10-20.

Airbnb-backed corporate housing startup Zeus Living laid off 73 employees, representing nearly half of its remaining workforce, as announced by CEO Kulveer Taggar in a blog post on Tuesday, May 12, 2020. This drastic cut follows a previous round of layoffs in late March, where about 80 employees, or one-third of the staff, were let go. The company, which provides furnished long-term rentals primarily for business travelers in six U.S. metro areas, is facing severe challenges due to the coronavirus pandemic, which has halted travel and slashed its 2020 revenue projections to just 55% of original expectations. With a total employee count now significantly reduced, Zeus is also scaling back its property portfolio and has decided to return its PPP loan. The startup, backed by investors including Airbnb, recently raised $15 million at a reduced valuation, reflecting the tough market conditions in the travel and hospitality industry.

Zeus Living, a San Francisco-based startup offering furnished monthly rentals for business travelers, laid off 80 employees, representing 30% of its workforce. The cuts, which occurred recently, impacted all departments including engineering, product, and business roles. This significant reduction highlights the ongoing challenges within the proptech and travel-related sectors, particularly for companies scaling back operations amid shifting market conditions.