MJP –
Redfin, a real estate firm based in Seattle, has reportedly laid off additional employees, according to Geekwire.
Some of the almost one hundred employees who lost their jobs will be offered agent positions.
About 100 employees, primarily from the company’s Concierge Service—which assists clients with staging and other pre-sale preparations—have been laid off.
The company was created in 2004 with the intention of “disrupting” the traditional real estate industry.
Some of them will reportedly be offered roles as agents, according to Geekwire. It also had an impact on a few sales and support managers.
The most recent round of layoffs was in April of 2023, affecting 201 employees.
As reported by Geekwire:
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This week, Redfin reported that sales of existing houses increased 0.6% month-over-month in July, which led to a rise in the company’s share price.
The housing market has remained dormant due to historically high home prices and an ongoing shortage of available homes. There has been little change in home sales despite mortgage rates hitting a 15-month low.
