Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut. Expect Zillow layoffs as well. Both real estate and tech is crashing. Redfin stock down 90% from highs. https://www.cnbc.com/2022/06/14/real-estate-firms-compass-and-redfin-announce-layoffs-as-housing-market-slows.html
Thanks for sharing. Few more to add https://www-cbsnews-com.cdn.ampproject.org/c/s/www.cbsnews.com/amp/news/tech-companies-layoffs-stock-market-cryptocurrency/
The big ones are yet to come. Those will be the full blown panic moments.
Who’s next?
No way to know. But I imagine we’ll get some news out of the big techs
I thought zillow was hiring?
They are
Zillow has better position in this environment? As compared to Redfin
Guaranteed Rate just had one