Vacasa Told Employees About Layoffs, Restructuring and Leadership Changes [Yahoo! Finance]
Vacasa, Inc. (VCSA)
Company Research
Source: Yahoo! Finance
In an employee letter from CEO Rob Greyber obtained by Skift, some employees were summoned to a Town Hall “to learn more about where we are headed, our new structure and some additional news regarding leadership changes.” Among the executives being replaced is T.J. Clark, Vacasa's chief commercial officer, according to two sources. This is Vacasa's fourth round of layoffs since Greyber became CEO in September 2022. The letter didn't say how many employees would be laid off but said the company “will be parting ways with a lot of talented and hard-working people.” “The industry continues to adjust to softening demand for domestic, non-urban vacation rentals, as well as increases in the supply of short term rental units,” Greyber wrote in the employee letter. “We believed the headwinds we were experiencing were beginning to ease, and kept a close eye on our targets. As the year has progressed, it has become increasingly apparent this is unlikely to be the case and we are in for a
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VCSA
News
- Cheap Summer Vacations 2024: How And Where To Travel For Less [Forbes]Forbes
- Vacasa, Inc. (NASDAQ: VCSA) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $9.50 to $8.50. They now have a "neutral" rating on the stock.MarketBeat
- Vacasa, Inc. (NASDAQ:VCSA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Vacasa, Inc. (NASDAQ: VCSA) had its price target lowered by analysts at Needham & Company LLC from $10.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- Vacasa, Inc. (VCSA) Reports Q1 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
VCSA
Earnings
- 5/9/24 - Miss
VCSA
Sec Filings
- 5/10/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 4/25/24 - Form 8-K
- VCSA's page on the SEC website