Tag Archives: Layoffs

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 →

Cost cutting and existentialism: What to expect from earnings

By | | Uncategorized
Comments Off on Cost cutting and existentialism: What to expect from earnings

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. Continue reading →

Wells Fargo lays off 140 as it backs out of correspondent mortgages

By | | Uncategorized
Comments Off on Wells Fargo lays off 140 as it backs out of correspondent mortgages

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. Continue reading →

Valuation technology provider Clear Capital lays off 250 employees

By | | Uncategorized
Comments Off on Valuation technology provider Clear Capital lays off 250 employees

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.” Continue reading →

Inside Real Estate reduces staff following BoomTown acquisition

By | | Uncategorized
Comments Off on Inside Real Estate reduces staff following BoomTown acquisition

Inside Real Estate CEO Joe Skousen confirmed the layoffs in an email to Inman, saying the cuts are the result of overlapping positions following the acquisition, which was first announced on Friday. Continue reading →

Website builder Luxury Presence lays off 44 employees

By | | Uncategorized
Comments Off on Website builder Luxury Presence lays off 44 employees

Luxury Presence has laid off 44 people. Founder and CEO Malte Kramer told the company it moved quickly to seize on the real estate market’s recent momentum by hiring quickly and capitalizing on available capital. Continue reading →

Compass faces first downturn amid pressure to cut costs

By | | Uncategorized
Comments Off on Compass faces first downturn amid pressure to cut costs

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. Continue reading →