Tag Archives: Layoffs

Zillow after Zillow Offers: Here’s what happens next

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Experts envision the company pivoting to the comparatively easier business of working with buyers after the failed experiment of scooping up homes from sellers. Continue reading →

Compass cuts salaries and admin staff hours

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Compass is cutting staff salaries across the board a month after laying off roughly 15 percent of its staff. The move comes at the same time the company continues to add new agents, even during a market slowdown. Continue reading →

Airbnb-backed startup Lyric sacks staff, shutters locations amid virus

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The boutique hotel has fired a majority of its 100-person staff and plans to close 400 units in 10 locations across the country as the pandemic worsens. Continue reading →

Compass lays off 15% of staff amid coronavirus ‘economic standstill’

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CEO Robert Reffkin said Monday in a letter that the coronavirus has created ‘one of the most challenging and uncertain moments in our lifetimes.’ Continue reading →

The real estate companies that went bust in 2018

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The story of real estate in 2018 was one of exploding investment and technology — but not every company managed to make it all the way through the year. Continue reading →