After expanding into eight new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an “achievable path to profitability.”
Source: Inman News
Ribbon slashes one-third of workforce to adjust to ‘new reality’
Published in Better, FlyHomes, homelight, Industry News, knock, Mortgage, Orchard, power buyer, ribbon, Select and shaival shah
More from BetterMore posts in Better »
- Is the ‘proptech winter’ ending? This is what investors are watching
- Better Mortgage seizes the day on Wall Street with $75M raise
- Better shares soar on bullish thesis by activist investor Eric Jackson
- Shares in Better get a boost from $534M debt restructuring
- Better’s losses shrink as AI boosts 2024 loan volume, revenue
More from FlyHomesMore posts in FlyHomes »
More from homelightMore posts in homelight »
More from Industry NewsMore posts in Industry News »
- Zillow defends private listing rule, criticizes Compass in new filing
- NAR’s Kevin Sears: We need to ‘show everybody that we as Realtors are pro-consumer’
- Despite unease, Compass poised to retain most Anywhere agents
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- Offerpad home sales, acquisitions hit new low in Q3 2025
More from knockMore posts in knock »
- Why Flyhomes is quitting the real estate brokerage business
- With fresh capital, Knock ups the limit on its bridge loans to $1M
- Rocket rolls out bridge loan to win more business from homebuyers
- Orchard blooms in 2 new markets — Nashville and Phoenix
- Tim Heyl on Homeward’s power buyer pivot in a high-rate cycle
More from MortgageMore posts in Mortgage »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
More from OrchardMore posts in Orchard »
More from power buyerMore posts in power buyer »
- Rocket rolls out bridge loan to win more business from homebuyers
- Calque unveils ‘light’ version of its ‘buy before you sell’ offering
- Calque adds 2 more lenders to growing nationwide partner roster
- Zavvie’s power buyer suite for mortgage lenders is catching on
- EasyKnock juggling lawsuits, regulators in multiple states
More from ribbonMore posts in ribbon »
- Is the ‘proptech winter’ ending? This is what investors are watching
- Orchard blooms in 2 new markets — Nashville and Phoenix
- Tim Heyl on Homeward’s power buyer pivot in a high-rate cycle
- Calque unveils ‘light’ version of its ‘buy before you sell’ offering
- Former Ribbon team launches AI-fueled home transaction platform
More from SelectMore posts in Select »
- HUD shifts homeless policy away from providing permanent housing
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
More from shaival shahMore posts in shaival shah »
- Former Ribbon team launches AI-fueled home transaction platform
- EasyKnock juggling lawsuits, regulators in multiple states
- Ribbon makes massive cuts, leaving fewer than 30 workers
- Ribbon suspends cash offer service, working on new tools for spring
- Ribbon expands footprint in Arkansas, Colorado and Illinois
Be First to Comment