$2B real estate tech startup Roofstock cuts staff by 20%
Three days after making a landmark NFT sale, San Francisco-based startup Roofstock announced the layoff of a fourth of its staff due to market headwinds
by Marian McPherson Oct 24
Pacaso slashes 30% of workforce, citing rising rates and home prices
Pacaso employees impacted by the cuts will be provided severance, health care coverage and career help, Pacaso CEO Austin Allison said during an all-hands conference call Tuesday
by Craig C. Rowe Oct 11
Keller Mortgage implements third round of layoffs in past 12 months
Keller Williams’ lending arm is advertising seven positions online including openings for an area sales manager, an 'elite loan officer' and four local loan officers
by Matt Carter Oct 6
The other real estate company named Rex just laid off 4% of its staff
The Texas-based firm does property management and provides a variety of tech platforms. The layoffs come amid widespread job losses in the real estate sector
by Jim Dalrymple II Oct 5
Rhode Island's Kirk | Schryver Team joins Compass
The team is No. 1 by sales volume in Bristol County and Barrington, Rhode Island, according to MLS data and was ranked the No. 2 small team by sales volume by RealTrends in 2021
Homie CEO resigns as flat-fee brokerage lays off more workers
The company is among the most prominent of the upstart flat-fee brokerages that rose in recent years, but will lose cofounder and CEO Johnny Hanna as the market experiences 'turmoil'
by Jim Dalrymple II Oct 4
Divvy Homes slashes 12% of staff as rates continue to climb
The company, valued at $2B as of August 2021, has reduced its employee count by 40 people, the latest in a run of real estate companies that have enacted layoffs
by Craig C. Rowe Sep 28
Redfin launches in Hilton Head, South Carolina
In addition to its market expansion, the Seattle-headquartered brokerage also announced that its listing search coverage now encompasses 95% of the US population
by Lillian Dickerson Sep 22
Realtor.com makes layoffs in preparation for market downturn
Realtor.com has become the latest real estate company to lay off its employees. The portal declined to share specific details, but said it's 'bullish' about its future despite market declines
by Marian McPherson Sep 8
Reali closing its doors and laying off most of its workforce
California-based real estate brokerage and power buyer cites 'challenging real estate and financial market conditions and unfavorable capital-raising environment'
by Matt Carter Aug 25
Anywhere makes HQ employee cuts in effort to slash operating costs
Anywhere Real Estate has laid off an unknown number of employees as the company streamlines amid choppy market conditions. Anywhere declined to share which departments were impacted
by Marian McPherson Aug 25
Compass revenue ticks up slightly as losses mount in Q2
The fast-growing brokerage earned $2B in revenue during the second quarter of the year, but also saw losses rise to $101M, according to an earnings report issued Monday
by Jim Dalrymple II Aug 15
Homeward sheds 20% of workforce amid 'sudden and sizable' downturn
Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company's 'buy with cash' product, according to a spokesperson
by Daniel Houston Aug 10
Ribbon slashes one-third of workforce to adjust to 'new reality'
After expanding into 8 new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an 'achievable path to profitability'
by Matt Carter Jul 28
Side expands into 6 new states amid market shift, bringing total to 16
Despite recent layoffs, the real estate tech startup has struck up a slew of new partnerships including one with a high-profile duo that just left Douglas Elliman
by Jim Dalrymple II Jul 14