Redfin to lay off 470 employees, citing market conditions
Redfin to lay off 470 employees, citing market conditions
"With May demand 17% below expectations, we don’t have enough work for our agents and support staff," CEO Glenn Kelman said in a message to employees.
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"With May demand 17% below expectations, we don’t have enough work for our agents and support staff," CEO Glenn Kelman said in a message to employees.
"With May demand 17% below expectations, we don’t have enough work for our agents and support staff," CEO Glenn Kelman said in a message to employees.
"With May demand 17% below expectations, we don’t have enough work for our agents and support staff," CEO Glenn Kelman said in a message to employees.
"With May demand 17% below expectations, we don’t have enough work for our agents and support staff," CEO Glenn Kelman said in a message to employees.
Hammered by a declining mortgage market, Interfirst has announced another round of mass layoffs. Some of these come at the company's Chicagoland headquarters.
The post Interfirst to lay off 140 employees appeared first on HousingWire.
Hammered by a declining mortgage market, Interfirst has announced another round of mass layoffs. Some of these come at the company's Chicagoland headquarters.
The post Interfirst to lay off 140 employees appeared first on HousingWire.
Pennymac Financial Services will lay off 207 additional employees in June and July following a previous layoff announcement in March.
The post Pennymac plans to lay off another 207 employees appeared first on HousingWire.
Pennymac Financial Services will lay off 207 additional employees in June and July following a previous layoff announcement in March.
The post Pennymac plans to lay off another 207 employees appeared first on HousingWire.
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...
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...
The layoffs come a week after announcing it will shut down its residential mortgage unit amid one of the most challenging markets since the Great Recession.
The layoffs come a week after announcing it will shut down its residential mortgage unit amid one of the most challenging markets since the Great Recession.
The move comes as Seattle-based Redfin also cut 6% of its total workforce, or roughly 470 employees.
The move comes as Seattle-based Redfin also cut 6% of its total workforce, or roughly 470 employees.
The move comes as Seattle-based Redfin also cut 6% of its total workforce, or roughly 470 employees.
The move comes as Seattle-based Redfin also cut 6% of its total workforce, or roughly 470 employees.
Retail lender Movement Mortgage laid off between 165 and 170 employees in March, sources told HousingWire. It's the latest lender to start paring back staff as origination volume falls.
The post Movement Mortgage lays off 170 employees appeared first on HousingWire.
Retail lender Movement Mortgage laid off between 165 and 170 employees in March, sources told HousingWire. It's the latest lender to start paring back staff as origination volume falls.
The post Movement Mortgage lays off 170 employees appeared first on HousingWire.
Homepoint laid off more than 100 employees this week as it feels the effects of the price war in the wholesale lending space. The company confirmed workforce reductions on Wednesday and Thursday are in line with the company’s “openness to get smaller as an organization to effectively counter severe market pressures,” according to a spokesperson […]
The post Homepoint lays off off more than 100 employees appeared first on HousingWire.
Homepoint laid off more than 100 employees this week as it feels the effects of the price war in the wholesale lending space. The company confirmed workforce reductions on Wednesday and Thursday are in line with the company’s “openness to get smaller as an organization to effectively counter severe market pressures,” according to a spokesperson […]
The post Homepoint lays off off more than 100 employees appeared first on HousingWire.