How Airbnb’s CEO Used Steve Jobs’ Playbook to Build an $84 Billion Empire and Revolutionize Hiring
Fortune8 hours ago
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How Airbnb’s CEO Used Steve Jobs’ Playbook to Build an $84 Billion Empire and Revolutionize Hiring

INDUSTRY INSIGHTS
leadership
innovation
hiring
corporate
success
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Summary:

  • Founder mode is essential for corporate survival in the AI era, promoting agility and collaboration

  • Airbnb’s strategic layoffs and streamlined operations led to a $100 billion IPO valuation

  • Hiring based on impact and thorough reference checks are key to building strong teams

  • Networking and deep interview questions uncover the best candidates beyond their resumes

  • Airbnb’s continuous innovation includes booking unique experiences with stays

Airbnb CEO Brian Chesky’s "Founder Mode" Strategy: A Blueprint for Success

In the competitive landscape of AI talent acquisition, Airbnb CEO Brian Chesky champions the "founder mode" approach as a cornerstone for corporate resilience. This strategy, inspired by Apple's Steve Jobs, emphasizes agility, hands-on leadership, and a flat organizational structure to navigate the challenges of the modern business world.

The Essence of Founder Mode

  • Nimble Business Hierarchy: Chesky argues that in the age of AI, companies must operate with the agility of a startup to adapt and thrive.
  • Beyond CEOs: The founder mode philosophy is applicable across various sectors, including government and nonprofits, focusing on collaboration over control.

Airbnb’s Turnaround Story

Facing a 72% revenue drop during the COVID-19 pandemic, Chesky implemented drastic measures:

  • Streamlining Operations: Eliminated unnecessary management layers, focusing on experts leading key functions.
  • Strategic Layoffs: Reduced workforce by 25% to preserve core operations.

The Result: A remarkable recovery, culminating in a $100 billion IPO valuation in 2020 and Airbnb’s inclusion in the Fortune 500 by 2023.

Chesky’s Hiring Strategy: 5 Key Tips

  1. Focus on Impact, Not Titles: Prioritize candidates based on their contributions rather than their resume highlights.
  2. Be a Detective: Conduct thorough reference checks to verify candidates’ claims.
  3. Ask Better Questions: Dig deep during interviews to uncover the true capabilities of candidates.
  4. Recruit Beyond Openings: Build a network of potential candidates for future opportunities.
  5. Dig Deeper in Interviews: Use follow-up questions to move beyond surface-level answers.

Innovation Continues

Under Chesky’s leadership, Airbnb continues to innovate, recently introducing features that allow guests to book unique experiences alongside their stays.

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