Industry NewsTechnology

Move Inc. expects another tough year

Company headcount at 10-year low
Published on Mar 8, 2010

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

Executives at operator Move Inc. expect mortgage delinquencies and tightened credit standards will continue to weigh on home sales at the upper end of the market in 2010, restricting spending by the real estate agents and brokers who drive the company's business.

Move's annual report -- filed Friday, one day after the company announced a $4.5 million net loss for the final quarter of 2009 -- sheds light on why Move expects revenue to decline by as much as 12 percent this year, and details the cost-cutting measures taken to trim losses.