The company announced it’s also laying off 7 percent of its staff in an SEC filing.
Source: Inman News
Redfin is furloughing 41% of its real estate agents
More from agent layoffsMore posts in agent layoffs »
More from BrokerageMore posts in Brokerage »
- Are real estate’s best-paid CEOs worth the money? DelPrete
- Once bright buyer hopes plummet as agents process NAR changes
- Will listing agents have the upper hand post-NAR settlement? Pulse
- When it comes to choosing a brokerage, one size does not fit all
- Corcoran agent finds her home fraudulently listed on Airbnb
More from CoronavirusMore posts in Coronavirus »
- The internet fell hard for real estate in 2021. But can the love affair last?
- Los Angeles apartment owners sue over COVID rent freeze
- Demand for urban homes will be ‘muted’ for years: McKinsey
- Chris Heller: Brokerages and teams are playing chicken. Who will win?
- Will migration fizzle out in 2023? History points to existential shift
More from COVID-19More posts in COVID-19 »
- After a big 2023, make no mistake: Artificial intelligence is here to stay
- High-income renters are top prize as ownership hurdles pile up: Poll
- Successful agents show up, Robert Reffkin says in remote-work rebuke
- Demand for urban homes will be ‘muted’ for years: McKinsey
- Chris Heller: Brokerages and teams are playing chicken. Who will win?
More from furloughMore posts in furlough »
More from glenn kelmanMore posts in glenn kelman »
- Redfin’s focus on cost-cutting begins to pay off in Q4 earnings
- Seattle-based Coldwell Banker franchise ditches NAR
- Mother of all commission suits filed in Illinois, this time by homebuyers
- Redfin posts profitable Q3 despite another quarter of falling revenue
- Redfin CEO: With commissions in peril ‘cooperation may crumble’
More from layoffsMore posts in layoffs »
More from RedfinMore posts in Redfin »
More from RedfinNowMore posts in RedfinNow »
- Redfin narrows losses amid rough Q2 as it braces for more turbulence
- As iBuyers struggle, agents rethink relationships with cash-offer kings
- Redfin sees losses soar in Q3 as it winds down iBuying program
- Redfin’s iBuyer expands into Florida among the hottest US markets
- Power Buyer clients made 1 offer on average. Traditional buyers? 7
More from SelectMore posts in Select »
- New San Francisco showroom offers private islands and yachts
- California Association of Realtors CEO resigns after 2 years
- Maxwell’s AI tool probes inner workings of mortgage lending
- Decades of NAR membership data has vanished amid enrollment dip
- Sign a buyer brokerage agreement to see a property? No way!
Be First to Comment