Tag Archives: Layoffs

Job cuts climb in March, with AI emerging as a growing factor

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U.S. job cuts rose in March, and AI emerged as a key driver, while layoffs spread across industries and hiring rebounded on seasonal demand. Continue reading →

With merger complete, layoffs come for Anywhere and Compass

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Six weeks after the two companies merged into a mega-brokerage, layoffs began taking place at both brands last week and continued this week, multiple past and present employees at both companies told Inman. Continue reading →

CoStar lays off staff amid drastic Homes.com cost-cutting campaign

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The company has vowed to slash over 35 percent of its spending on Homes.com after years of attempting to build a fourth major real estate listings search portal. Continue reading →

Worries about the job market are bringing mortgage rates down

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Initial unemployment claims hit highest level since September, and Federal Reserve Chair Jerome Powell warns official data could be overestimating job creation by up to 60,000 jobs a month. Continue reading →

Heard of a K-shaped economy? You’re living in it now

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Much like the American people today, the economy is starkly divided — and it’s impacting the real estate market. Here’s how. Continue reading →

Ally Financial’s exit from mortgage will impact Better, HouseCanary

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Ally, which originated $1 billion in mortgages in 2023 through a partnership with Better and is an investor in the company, is laying off hundreds of employees. Continue reading →

Flagstar shedding 1,900 workers, but many could land at Mr. Cooper

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A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company’s mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper. Continue reading →

Side debuts profit-sharing program, lays off staff members

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The PartnerUp Revenue Share program will give agents a cut of Side’s profit if they refer and mentor other agents. The program was one of several announcements the company made Monday. Continue reading →

Redfin lays off nearly 100 Redfin Concierge service employees

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Seattle-based brokerage and portal Redfin laid off almost 100 Redfin Concierge support and sales managers on Thursday. The company said agents will now take the lead on Concierge services. Continue reading →