More Layoffs: Redfin Cuts 470 Employees, Compass Inc. 450
Redfin and Compass Inc. each announced workforce reductions this week in filings with the Securities and Exchange Commission. Redfin said it was laying off 470 workers, or about 6% of its total workforce. Compass also said it would cut 10% of the workforce, orAbout 450 jobs. Modus Technologies Inc., a title and escrow software company that is a wholly owned subsidiary, was also laid off. Redfin CEO Glenn Kelman said the layoff. The company said theLayoff was a 'laidoff was.