Industry NewsTechnology

RealtyTrac trims workforce

REO, foreclosure site rethinking media partnerships
Published on Oct 6, 2009

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by CareyBot

In an attempt to return to profitability, foreclosure data site RealtyTrac has trimmed its workforce by nearly 30 employees and is moving away from some media partnerships that drove traffic to the site but were deemed "not profitable."

RealtyTrac Senior Vice President Rick Sharga confirmed a report on the blog that the layoffs took place last week, calling the move a "surgical workforce reduction" that leaves the company with about 100 employees.