Hostelworld, an Irish budget accommodation booking platform, has faced significant challenges due to the COVID-19 pandemic. The company’s chief financial officer, Caroline Sherry, took the responsibility of steering the company through this difficult time. She implemented strategies such as setting up a “cash war room” to restructure the company and reduce costs, securing loans to sustain the business, and investing in projects to improve the platform for future customers.
Sherry also discussed the personal sacrifices she has had to make to reach her position as one of the few female CFOs of publicly listed companies in Ireland. She emphasized the importance of representation and equality, both in the workplace and for her own family.
Additionally, Sherry shared her career strategy of being “sector-agnostic,” meaning she is open to exploring different industries and roles in order to progress her career.
In other news, Tara Mines, Europe’s largest zinc mine, announced temporary layoffs due to financial difficulties. Former Ireland rugby international, Niall Woods, discussed his transition to becoming a sports agent and his experiences in negotiating deals for athletes. Meili, a travel tech company founded by Cartrawler alumni, is also making strides in the industry. Dawn Meats, an Irish meat processing company, has decided to sell its stake in Elivia, the second-largest beef processor in France.
Furthermore, the government is considering budgetary stimulus and the creation of a sovereign wealth fund, but some experts argue against these ideas. The growing urban-rural divide and Japan’s economic course were also topics discussed in the content.
Overall, Hostelworld’s CFO Caroline Sherry’s strategies and experiences during the pandemic, along with other relevant news in various industries, were highlighted in the content.