Vacasa's headquarters in Northwest Portland.

Vacasa, headquartered in Northwest Portland, laid off 1,300 people (about 240 in Portland) this week.

Vacation rental management company Vacasa laid off 1,300 employees Tuesday, a dramatic step aimed at stabilizing the faltering Portland company. The layoff includes 240 in the Portland area, which puts it among the region’s largest round of job cuts since the early days of the pandemic.

“We need to reduce our costs and continue to focus on becoming a profitable company,” new CEO Rob Greyber wrote in a note to staff Tuesday, which Vacasa then filed with federal securities regulators.

Sign up for our Daily Headlines newsletter

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.