Vacasa Announces Significant Restructuring, Laying Off 800 Employees

Vacasa, a property management company, has announced a significant restructuring involving laying off 800 employees, or 13% of its workforce. This marks the fourth round of layoffs under CEO Rob Greyber’s leadership. The restructuring aims to empower local teams and improve accountability. Despite financial challenges, Vacasa does not expect to achieve adjusted EBITDA profitability in 2024.