Real estate tech company Redfin Corp. is laying off about 862 employees, or 13% of its staff, the company disclosed Monday inThe filing also noted the Seattle-based company is shuttering its home-flipping service RedfinNow, in which Redfin buys homes directly from consumers, does renovations and sells them for a profit. The service launched in PhoenixThe company has been facing headwinds amid rising interest rates and decreased homebuying competition.
According to the filing, Redfin through attrition and layoffs has now cut its headcount by 27% since April. The company is also eliminating about 218 roles but offering those employees the chance to take a new role with the company.
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Redfin to lay off 13% of staff, shutter home-flipping businessOnline real estate company Redfin announced that it's reducing its workforce again. This time, 862 employees will be laid off amid the uncertain economic environment. Good. These corps buying housing to turn into rentals is bad for the people. Laws should be passed to put an end to that So everyone waited till the day after the election to announce layoffs?
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Redfin Shuts Home-Flipping Business, Lays Off 13% of Staff in Slumping Housing MarketReal-estate company Redfin laid off 13% of its staff and closed its home-flipping unit, saying the operation was both too expensive and too risky to continue There’s gonna be a lot of these stories come January Good. Bye. Razans death in Gaza is an absolute tragedy.
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'The housing market will get smaller in 2023': Redfin lays off 13% of staffReal-estate brokerage Redfin was laying off 13% of staff, CEO Glenn Kelman said. The headcount at the company has fallen by 27% since April, when 8% of staff were let go. Folks!, everything is just fine. The inflation…you know the thing, is gonna help us along the way. Don’t jump! Needed cool off
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