Tag Archives: Layoffs

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

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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

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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

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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

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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

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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 →

Redfin faces a steep battle as it claws its way toward profitability

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Analysts said Redfin isn’t facing an existential moment but nonetheless experienced a uniquely rough period over the past year. These are the 5 biggest challenges Redfin will face in 2023. Continue reading →

Real estate in 2022: When the #@!$ finally hit the fan

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Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading →

Flat-fee brokerage Houwzer acquires rival Trelora

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The acquisition will expand the company’s footprint to 14 states. The deal also comes amid a challenging time for the real estate technology sector. Continue reading →