The company has laid off 25 percent of its staff and cut all other salaries by approximately 15 percent.
Source: Inman News
Douglas Elliman reveals mass layoffs, salary cuts on earnings call
More from BrokerageMore posts in Brokerage »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
- Listing leverage: How to win the game of securing sellers
More from COVID-19More posts in COVID-19 »
More from dottie hermanMore posts in dottie herman »
- John Lawrence boomerangs to Douglas Elliman from Compass
- 16 great podcasts — and the agents nailing audio as a marketing tool
- Gary Gold, Dottie Herman inducted into Inman Golden I Hall of Fame
- The luxury market in 2021: sky-high prices, scandals and acquisitions
- Dottie Herman steps down as Douglas Elliman CEO
More from douglas ellimanMore posts in douglas elliman »
More from howard lorberMore posts in howard lorber »
More from Industry NewsMore posts in Industry News »
More from layoffsMore posts in layoffs »
- Heard of a K-shaped economy? You’re living in it now
- Ally Financial’s exit from mortgage will impact Better, HouseCanary
- Flagstar shedding 1,900 workers, but many could land at Mr. Cooper
- Side debuts profit-sharing program, lays off staff members
- Redfin lays off nearly 100 Redfin Concierge service employees
More from New York City real estateMore posts in New York City real estate »
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
Be First to Comment