Tag Archives: Layoffs

4 things to watch as Compass’ annual conference unfolds this week

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Compass became the largest company of its kind in the U.S. this year, but is holding its annual gathering as the real estate industry navigates uniquely troubled waters. Continue reading →

Side carries out new round of layoffs amid slowing market

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The latest round of cuts comes after the company laid off 10 percent of its workforce in June. Side’s layoffs are among dozens of others in the housing industry this year. Continue reading →

Pacaso slashes 30% of workforce, citing rising rates and home prices

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Pacaso employees impacted by the cuts will be provided severance, healthcare coverage and career help, Pacaso CEO Austin Allison said during an all-hands conference call Tuesday. Continue reading →

The other real estate company named Rex just laid off 4% of its staff

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The Texas-based firm does property management and provides a variety of tech platforms. The layoffs come amid widespread job losses in the real estate sector. Continue reading →

Rhode Island’s Kirk | Schryver Team joins Compass

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The team is No. 1 by sales volume in Bristol County and Barrington, Rhode Island, according to MLS data and was ranked the No. 2 small team by sales volume by RealTrends in 2021. Continue reading →

Homie CEO resigns as flat-fee brokerage lays off more workers

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The company is among the most prominent of the upstart flat-fee brokerages that rose in recent years, but will lose cofounder and CEO Johnny Hanna as the market experiences “turmoil.” Continue reading →

Divvy Homes slashes 12% of staff as rates continue to climb

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The company, valued at $2 billion as of August 2021, has reduced its employee count by 40 people, the latest in a run of real estate companies that have enacted layoffs. Continue reading →

Redfin launches in Hilton Head, South Carolina

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In addition to its market expansion, the Seattle-headquartered brokerage also announced that its listing search coverage now encompasses 95 percent of the U.S. population. Continue reading →