Redfinnow news and trends

Redfin Cuts 13% of Staff in Advance of Long Housing Drought

November 09, 2022
Redfin Real Estate
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Redfin Cuts 13% of Staff in Advance of Long Housing Drought

November 09, 2022
Anticipating a housing market downturn that will stretch into next year, online real estate seller Redfin is laying off 13% of its staff and shuttering its home-flipping service RedFinNow. The layoffs will affect 862 people, CEO Glenn Kelman said in an email to employees Wednesday (Nov. 9). It is the company’s second round of layoffs […]