The letter was a sign of the tension that has built up among Airbnb’s workers.Īccording to interviews with more than a dozen current and former employees and investors, most of whom declined to be identified for fear of retaliation, Airbnb’s 6,000-person work force has become increasingly frustrated by not being able to cash in the company stock that was received in compensation packages. So the employees also asked that the company go public, a move that would let them freely sell their shares, said five people who saw or were briefed on the document and were not authorized to speak publicly. Because Airbnb is privately held, its shares cannot be easily traded or cashed in. On behalf of more than a dozen employees, they pleaded to be able to sell their Airbnb stock options. SAN FRANCISCO - Last summer, several Airbnb employees wrote a letter to the online room-rental start-up’s founders.
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