As many as 264 employees impacted by the cuts were from Redfin Now, the company's iBuying division, while an additional 218 jobs from other departments are also being eliminated
Mr. Cooper, which had 8,200 employees at the end of last year, laid off 250 workers from its lending business during the first quarter and announced another 420 layoffs in June
In total, Opendoor suffered a net loss of $928M between July and September, according to an earnings report Thursday. That's up from a loss of just $57M during the third quarter of 2021
The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry
While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio
Approximately 5% of Zillow's workforce has been let go as the company shifts its focus towards technology, according to a new report published Wednesday
Compass became the largest company of its kind in the US this year, but is holding its annual gathering as the real estate industry navigates uniquely troubled waters
The latest round of cuts comes after the company laid off 10 percent of its workforce in June. Side's layoffs are among dozens of others in the housing industry this year
Three days after making a landmark NFT sale, San Francisco-based startup Roofstock announced the layoff of a fourth of its staff due to market headwinds
Pacaso employees impacted by the cuts will be provided severance, health care coverage and career help, Pacaso CEO Austin Allison said during an all-hands conference call Tuesday
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
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
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'
The company, valued at $2B 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
In addition to its market expansion, the Seattle-headquartered brokerage also announced that its listing search coverage now encompasses 95% of the US population