TravelUS
AvantStay Layoffs
June 2023
AvantStay announced a layoff affecting 37 employees in June 2023. The company operates in the Travel sector.
People Affected
37
Announced Date
Jun 20, 2023
About
Los Angeles-based vacation rental property manager AvantStay has laid off 37 employees, representing less than 10% of its staff. This marks the company's third round of job cuts within the past year, part of an ongoing reorganization strategy aimed at improving operational efficiency and reducing costs. The move reflects broader challenges in the vacation rental management sector, which has faced a market reckoning following the pandemic boom.
Source
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