Tag Archives: Layoffs

Keller Williams mortgage exec leaves after less than 2 years

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Dave Smith joined Keller Williams in 2021. He presided over the firm’s lending efforts during a period of increasing difficulty for the mortgage business. Continue reading →

7 things agents can be grateful for in 2022

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This year’s market may leave you feeling a little bittersweet about finding something to be thankful for. Trainer Rachael Hite outlines seven things agents can be grateful for, (even in a downturn). Continue reading →

Ribbon makes massive cuts, leaving fewer than 30 workers

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In an email on Monday, a spokesperson for the power buyer confirmed to Inman that the firm had laid off workers and would now “be a company of less than 30 people.” Continue reading →

Orchard lays off 180 workers amid historic housing ‘disruption’

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The cuts are the second time the power buyer has reduced its workforce as the market has rapidly deteriorated this year. Continue reading →

Homeward cuts 25% of staff in second round of layoffs

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The power buyer previously cut 20 percent of its staff in August. The cuts come as the broader real estate industry grapples with soaring mortgage rates and slowing sales. Continue reading →

Redfin shuts down iBuyer Redfin Now while slashing 13% of workforce

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As many as 264 employees impacted by the cuts were from Redfin Now, the company’s iBuying division, while an additional 218 jobs from other departments are also being eliminated. Continue reading →

Mr. Cooper announces third round of layoffs affecting 800 workers

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Mr. Cooper, which had 8,200 employees at the end of last year, laid off 250 workers from its lending business during the first quarter and announced another 420 layoffs in June. Continue reading →

Opendoor lost nearly $1B in Q3 in ‘once-in-40-years market transition’

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In total, Opendoor suffered a net loss of $928 million between July and September, according to an earnings report Thursday. That’s up from a loss of just $57 million during the third quarter of 2021. Continue reading →

Opendoor lays off 18% of workforce ahead of Q3 earnings call this week

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The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry. Continue reading →