Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow.
FILE - A Redfin"for sale" sign stands in front of a house on Oct. 28, 2020, in Seattle. The online real estate broker is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve's fight against inflation.
Redfin said in the filing that it has slashed more than a quarter of its workforce since April 2022 on the assumption that the housing downturn will last “at least through 2023.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Redfin to lay off 13% of staff, shutter home-flipping businessOnline real estate company Redfin announced that it's reducing its workforce again. This time, 862 employees will be laid off amid the uncertain economic environment.
Read more »
'The housing market will get smaller in 2023': Redfin lays off 13% of staffReal-estate brokerage Redfin was laying off 13% of staff, CEO Glenn Kelman said. The headcount at the company has fallen by 27% since April, when 8% of staff were let go.
Read more »
Redfin tumbles after real estate firm downgraded over ‘flawed’ modelAn Oppenheimer analyst said the real estate compan’s model is “fundamentally flawed.”
Read more »
Nancy Pelosi Discusses Attack on Husband, Says it Will Influence Retirement DecisionHouse Speaker Nancy Pelosi (D-Calif.) sat down with CNN for an interview to address the attack on her husband. See the potential bias and similarities in coverage from cnn, foxnews and cnbc:
Read more »
First 2022 Results Show Historic Wins in Senate, Governor's RacesThe first results in from Election Day 2022 show several historic victories in races for Senate and governor. See the potential biases and similarities in reports from foxnews, cnn and wbur:
Read more »
Gofaizen and Sherle Introduce Full-Cycle Online Accounting In Lithuania – Press release Bitcoin NewsPRESS RELEASE. Gofaizen & Sherle is a legal and business consulting firm specializing in digital asset-based businesses, financial institutions and
Read more »