Tag Archives: Layoffs

RE/MAX Holdings to lay off 7% of staff by end of September

By | | Uncategorized
Comments Off on RE/MAX Holdings to lay off 7% of staff by end of September

The layoffs are part of a reorganization plan that will streamline operations and bring cost savings in the long term, the real estate franchisor said in Securities and Exchange Commission filings. Continue reading →

LoanDepot hires new CFO and parts ways with 4 top managers

By | | Uncategorized
Comments Off on LoanDepot hires new CFO and parts ways with 4 top managers

CEO Frank Martell recruits former CoreLogic colleague David Hayes as losses pile up and mortgage originations hit another new low. Continue reading →

Offerpad narrows losses despite another quarter of falling revenue

By | | Uncategorized
Comments Off on Offerpad narrows losses despite another quarter of falling revenue

Following a dramatic Q4 in which the iBuyer posted losses of $121.1 million, Offerpad improved its net loss by 51 percent to $59.4 million in Q1 as it struggles to adapt to a shifting market. Continue reading →

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

By | | Uncategorized
Comments Off on Eyes on inventory as Q1 earnings ramp up following a chilling 2022

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading →

Opendoor lays off 22% of its workforce in latest round of cuts

By | | Uncategorized
Comments Off on Opendoor lays off 22% of its workforce in latest round of cuts

In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles. Continue reading →

Rocket, UWM cut a combined 9,500 positions in 2022, new filings show

By | | Uncategorized
Comments Off on Rocket, UWM cut a combined 9,500 positions in 2022, new filings show

Companies said that instead of laying off workers, they’re trimming their payrolls through attrition or by offering voluntary buyouts. Continue reading →

Divvy Homes’ employees say there has been another round of layoffs

By | | Uncategorized
Comments Off on Divvy Homes’ employees say there has been another round of layoffs

Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday. Continue reading →