Compass and Redfin layoffs

Compass and Redfin make cuts amid volatile market

housingwire housingwire | 1 year ago

Compass and Redfin each instituted layoffs Tuesday as economic conditions worsened. The next few days will be telling. The post Compass and Redfin make cuts amid volatile market appeared first on HousingWire.

Redfin brokerage sheds DFW office space amid national layoffs, volatile housing market

bizjournals bizjournals | 1 year ago

Seattle-based residential real estate brokerage Redfin is downsizing its office space in Dallas-Fort Worth, shedding more than 22,000 square feet at Hall Park in Frisco after hundreds of layoffs nationally amid a volatile housing market.

Real estate firms Compass and Redfin announce layoffs as housing market slows

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Real estate firms Redfin and Compass are laying off workers, as mortgage rates rise sharply and home sales drop. In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut. Shares of both companies fell Tuesday. Redfin's stock touched a new 52-week low. Rising rates and overheated home prices, which are now up over 20% from a year ago according to various surveys, have crushed affordability. Home sales have been dropping f...

Compass and Redfin announce layoffs amid slowing home sales

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

CNBC's Diana Olick joins 'The Exchange' to report on real estate companies laying off workers amid slowing home sales.

Wells Fargo cuts mortgage jobs amid poor outlook

housingwire housingwire | 2 years ago

Wells Fargo is cutting jobs in its home lending business, just days after reporting weak mortgage earnings in the first quarter of 2022. The post Wells Fargo cuts mortgage jobs amid poor outlook appeared first on HousingWire.

Real estate giant Compass cuts 10% of staff, citing market conditions

bizjournals bizjournals | 1 year ago

The move comes as Seattle-based Redfin also cut 6% of its total workforce, or roughly 470 employees.

bizjournals bizjournals | 1 year ago

The move comes as Seattle-based Redfin also cut 6% of its total workforce, or roughly 470 employees.

nationalmortgageprofessional nationalmortgageprof... | 1 year ago

Industry News More Layoffs: Redfin Cuts 470 Employees, Compass Inc. 450 David Krechevsky Jun 14, 2022 Downturn in housing industry cited; Compass also winding down Modus Technologies Inc. The recent dramatic changes in the state of the housing industry has claimed more jobs. Seattle-based Redfin and New...

Compass, Redfin to cut workforces amid U.S. housing slowdown

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Real estate brokerages Compass Inc. and Redfin Corp. are cutting their workforces as rising interest rates cool a U.S. housing market that reached a frenzy during the pandemic.Compass will lay off about about 10% of its workforce while Redfin will cut about 6%, the companies said in regulatory filings Tuesday. Bloomberg News reported the Compass layoffs earlier. For Compass, those cuts total about 450 employees and will contribute to an estimated $21.5 million to $23 million in costs before ta...

Umpqua cuts 100 jobs in mortgage group amid residential market upheaval

bizjournals bizjournals | 1 year ago

Mortgage rates have soared from pandemic lows, slowing real estate activity.

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Compass and Redfin make cuts amid volatile market

Compass and Redfin make cuts amid volatile market