In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, mostly focused on operations roles
The brokerage said employees impacted by the latest round of layoffs were primarily in the real estate support department, but some unidentified executives were also let go
Companies say that instead of laying off workers, they're trimming their payrolls through attrition or by offering voluntary buyouts
The bank says it has racked up $353M in severance expenses, primarily in mortgage, as it closes branches and pursues a 'more focused home lending business'
Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday
Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive
Struggling iBuyer confirms the company has laid off an unspecified number of employees in a second round of layoffs, with more details coming on Feb. 22 Q4 earnings call
In a Worker Adjustment and Retraining Notification, the company outlined its plans to reduce its workforce size. The company began executing the plan Tuesday in Springfield, Illinois
Clear Capital CEO Duane Andrews issued a statement on Wednesday saying the software company 'must now face a market that will represent the greatest challenge yet'
Inside Real Estate CEO Joe Skousen confirmed the layoffs in an email to Inman, saying the cuts are the result of redundancies following the acquisition of BoomTown
'I take full responsibility for this outcome, and I am sincerely sorry to our impacted colleagues and each of you, as I fully appreciate how hard it is to suddenly lose colleagues and friends'
The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn
Compass CEO Robert Reffkin sent an email to staff on Thursday morning informing employees of the latest staff reduction, marking the third round of layoffs in 8 months
Analysts said Redfin isn't facing an existential moment but nonetheless experienced a uniquely rough period over the past year. These are the 5 biggest challenges Redfin will face in 2023
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down