While Portland-based Vacasa (Nasdaq: VCSA) is cutting 280 jobs. only about 15 will fall locally, the company said Tuesday.
The company confirmed the affected roles are among “central teams” workers, which includes finance, human resources, guest support, legal, marketing, product, engineering and sales. These employees support field operations units that manage the company’s thousands of vacation rental homes.
In addition to the Portland headquarters. the company has a sizable corporate office in Boise, where co-founder Eric Breon used to live. It added an Austin office last year when it acquired rival TurnKey.
The company declined to offer any more specifics about the cuts.
The vacation rental management company is in the midst of changes as new CEO Rob Greyber takes over. Last week, the company revealed executive level movement, with two executives leaving and two moving into new roles. The company also announced that Rachel Gonzalez, former Starbucks Corp (Nasdaq: SBUX) general counsel, is joining the Vacasa board as an observer.
Prior to these cuts Vacasa had 400 employees in Portland and 8,000 employees globally. Earlier this year the company trumpeted that it had hired 200 sales positions to double the size of its salesforce.
The company has always had a distributed team, with executives in Portland, Boise, San Francisco, Denver and Austin. Greyber is based in Seattle.
A sizable portion of its employees clean and maintain properties in the field.
The company counts more than 35,000 homes in its portfolio across 400 destinations in North America, Belize and Costa Rica.
Homeowners sign up with Vacasa to market and book their rental properties, as well as manage them with maintenance, guest services and cleaning. That is accomplished with proprietary technology developed by the company to maximize rental rates and operations.
