Tag Archives: Layoffs

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 →

Realtor.com makes layoffs in preparation for market downturn

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Realtor.com has become the latest real estate company to layoff its employees. The portal declined to share specific details, but said it’s ‘bullish’ about its future despite market declines. Continue reading →

Reali closing its doors and laying off most of its workforce

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California-based real estate brokerage and power buyer cites “challenging real estate and financial market conditions and unfavorable capital-raising environment.” Continue reading →

Anywhere makes HQ employee cuts in effort to slash operating costs

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Anywhere Real Estate has laid off an unknown number of employees as the company streamlines amid choppy market conditions. Anywhere declined to share which departments were impacted. Continue reading →

Compass revenue ticks up slightly as losses mount in Q2

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The fast-growing brokerage earned $2 billion in revenue during the second quarter of the year, but also saw losses rise to $101 million, according to an earnings report issued Monday. Continue reading →

Homeward sheds 20% of workforce amid ‘sudden and sizable’ downturn

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Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company’s “buy with cash” product, according to a spokesperson. Continue reading →