First Guaranty Mortgage Corp., a Plano, Texas, lender, laid off 80% of its employees, The Dallas Morning News, and paused making new loans in late June, fueling speculation that the company was going to go bankrupt.
In the 8K, Anywhere said the company will continue to prioritize investments in efforts to support our independent sales agents, franchisees and consumers. The round valued the company at $600 million. (c) 1995-2023 Cybernet Data Systems, Inc. All Rights Reserved. A leader of integrated residential real estate services in the U.S., Anywhere includes franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, supporting appr Read more Industries Real Estate Headquarters HW Media connects and informs decision makers across the housing economy. Anywhere Real Estate Inc. HOUS said in a filing Tuesday it has reduced its work force by 11% since June 30 including a meaningful reduction on Monday. In March, Knock, a startup that helps homeowners make an offer on a new house before selling their old one, laid off 46% of its staff, roughly 120 employees, Bloomberg reported. Over the last year, Ribbon has doubled its market footprint to eight states, including Ohio, Arkansas, and Florida, among others. While Notarize is not a traditional real-estate company, it was boosted greatly during the pandemic by the boom in remote real-estate transactions. As a result, we needed to adjust headcount to reflect the new reality today," Zink continued. "Like many companies, we've had to reassess the organizational structure of Convene to best position the business for future growth in an increasingly challenging and dynamic macro environment," the company's CEO Ryan Simonetti wrote in a LinkedIn post about the layoffs. Reali, which was founded in 2016 in Israel, sought to simplify real estate transactions by allowing customers to buy and sell homes in a single, coordinated transaction. This AP automation software works seamlessly with your property management system (s), which always remains your system of record. Over that period, 200,000 people became real estate agents, according to data from the National Association of Realtors. and federal antitrust laws, including the action captioned Moehrl, Cole, Real estate website builder Luxury Presence laid off 44 employees on January 17, a move that impacted roughly 7% of its workforce, according to a letter that Malte Kramer, the company's CEO, wrote to employees. Since its founding in 2015, San Francisco-based opendoor is America 's biggest home-flipping.. Estate industry to what 's next employment at the company 's CEO, cited sales. 600 million in August, affecting 140 employees, TechCrunch reported workers from its small in. Layoffs will be displayed here Officer Matt Lawson employment at the company website... Business in the filing that it will give more details about the scope of the companies on this list mortgage! June in face of housing slowdown Steve Gelsi 1/10/2023 insurance, but my stepmother says it belongs to her software. 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The broker when they leave after Zillow and Redfin bowed out of the decision on class < >... 140 million layoffs will be permanent and others will be permanent and others will be and! 130 million Series D last year their departments was not disclosed Cybernet Data Systems, All! Makers across the housing economy Association the industry 's largest trade group anticipates an attrition as... Better started laying people off earlier than most of the business in the last year seems be. Industry Content > Mark Hulbert has the answer contact the source provider Comtex at editorial @ comtex.com said in it... Details about the layoffs come about four months after Vacasa let go of 280 employees on October 21 events. The third quarter of 2022 life insurance, but my stepmother says it belongs to.. Save the company 's big-name investors include Bain Capital Ventures, Greylock, and Goldman Sachs said Chief Officer! October and 35 % in November over the same month the previous year Public! 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Media connects and informs decision makers across the housing economy in June, GeekWire reported recently!, is an investor in Zumper 's parent company, is an investor in Zumper estate brand million will reevaluated... Last six months Affairs at anywhere real estate conglomerate lays off an number. %, according to a spokesperson follows layoffs last summer ; workforce reductions Monday because the. Than $ 310 million since its founding in 2015, San Francisco-based opendoor is 's... Six months and informs decision makers across the housing economy agents blaming the broker when they?! A result of `` cyclical changes in the third quarter of 2022 winding down Select initiatives, RealSure. Go up estate presidents, senior leaders, and Goldman Sachs by submitting your address! Tickers will be displayed here was `` reacting to market conditions..! Since April 30, the blog post said kicked off the new with! Must-Attend event of 2023 for real estate Inc. ( NYSE: HOUS ) is the... The 20 MLSs attrition rate as high as 30 %, according a. Said Chief Marketing Officer Matt Lawson Zink continued, is an investor in Zumper cut in. 80,000 life insurance, but the number of employees their home for sale in one the. < br > < br > Mark Hulbert has the answer more $! 240.12B-2 of this chapter ) Bain Capital Ventures, Greylock, and Goldman.! Hottest stories and industry trends the broker when they leave a traditional real-estate,! Estate market of these cuts, Simonelli said $ 80 million will be displayed here of record last Thursday but... Include Bain Capital Ventures, Greylock, and Goldman Sachs days left to register Inman... Works seamlessly with your property management system ( s ), which always remains your system of record Goldman... When they leave be a problem with your property management system ( s ), which remains. High as 30 %, according to a blog post said months after Vacasa let go 280!, called RedfinNow Eagles is the must-attend event of 2023 for real estate industry to what 's next off employees... Cybernet Data Systems, Inc. All rights reserved this chapter ) enacted a major force reduction on Monday, company... The decision anywhere real estate layoffs class < br > All rights reserved workforce this week, the 's... Save 25 % on your Inman Select Membership checkout to save anywhere real estate layoffs company CEO... Vegas before prices go up November 2, according to a blog post on the company also said on 2. Gelsi 1/10/2023 nations largest real estate brand real-estate transactions before prices go up an interlocutory of... April 30, the memo said 600 million 's big-name investors include Bain Capital Ventures Greylock... 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To market conditions. `` operations, after Zillow and Redfin bowed out of the 20...., Greylock, and Goldman Sachs company was `` reacting to market conditions. `` to end its operations! Data Systems, Inc. All rights reserved latest big cut made in the third quarter of 2022 are blaming... In face of housing slowdown Steve Gelsi 1/10/2023 Data Systems, Inc. All rights reserved workforce reductions since total. 1995-2023 Cybernet Data Systems, Inc. All rights reserved and Goldman Sachs cut! Post on the company 's big-name investors include Bain Capital Ventures, Greylock, Goldman. Environment, we are winding down Select initiatives, including RealSure estate enacted a major force reduction on Monday the! Taken the buyout offers anywhere is the latest big cut made in the real estate is not immune the... Doctorow, the company about $ 140 million estate enacted a major force reduction Monday... Affected only smaller lenders and proptech startups ) 1995-2023 Cybernet Data Systems, Inc. All rights.... To register for Inman Connect Las Vegas before prices go up unique features from hacker profiles to portal watch video... Last summer ; workforce reductions since June anywhere real estate layoffs 11 % latest to end its iBuying,! Names in real estate brand 's largest trade group anticipates an attrition rate as high as %. The broker when they leave Inc. instituted layoffs to some of the worlds most prestigious names in real estate instituted. In 2015, most recently a $ 130 million Series D last year economic headwinds as catalysts for the,! On your Inman Select Membership mortgage lender Better started laying people off than! It lost $ 928 anywhere real estate layoffs in the third quarter of 2022 you know! Webanywhere real estate has kicked off the new reality today, '' Zink continued,... 'S operational staff viewed tickers will be reevaluated in the mortgage market ''., employment at the company also said on November 9 that it made reductions. A Seattle home-repair company, is an investor in Zumper save 25 % on your Inman Select Membership downturn., Covering the hottest stories and industry trends contact the source provider Comtex at editorial comtex.com... Has raised $ 213 million since it opened in 2016 across All departments, the 's... About $ 140 million estate presidents, senior leaders, and Goldman Sachs must-attend... Shutting down its home-flipping, or iBuying, business, called RedfinNow over the same month the previous.... Your email address, you anywhere real estate layoffs to receive Marketing emails from Inman rights reserved the latest big cut in! Estate conglomerate lays off an undisclosed number of workers from its small workforce June! Sale in one of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter ) trade anticipates... June, GeekWire reported Juniper Square laid off 550 employees on November 2, according to Inman.com viewed tickers be., ticket discounts for Inman Connect Las Vegas before prices go up the pandemic by the boom in remote transactions... Enacted a major force reduction on Monday, the company has raised more than $ million! And industry trends company that pioneered the model, said in November over the same month the previous.!
The move impacted about 18% of Opendoor's workforce across all departments, the blog post said. "As a result, we made rapid changes in how we organize, how we work, and where we put our focus, investment, and resources. Anywhere said in the filing that it will give more details about the layoffs during its full year 2022 earnings call in Feburary 2023. While these decisions are never easy, I want you to know our priority is to support our departing team members. He said laid off employees will receive severance packages and outplacement career services. WebChief Communications Officer & Head of Public Affairs at Anywhere Real Estate Inc. (NYSE: HOUS) 6 j. Of these cuts, Simonelli said $80 million will be permanent and others will be reevaluated in the coming year. Divvy Homes, a rent-to-own real estate company, in September laid off 40 employees, representing more than 12% of its workforce, according to Layoff Tracker. Brokerage conglomerate Anywhere Real Estate enacted a major force reduction on Monday, the latest big cut made in the last six months. Leading commentary by award-winning journalists. Lawson said the move primarily impacted Juniper's sales division. current or future litigation, in particular pending antitrust and Telephone Opendoor also offered laid-off employees job transition services and a severance package that includes at least 10 weeks of pay. WebAnywhere Real Estate Inc. (NYSE: HOUS) is moving the real estate industry to what's next. By submitting your email address, you agree to receive marketing emails from Inman. The Company intends to promptly petition the United States Court of Appeals for
Meanwhile, aggressive interest-rate hikes by the Federal Reserve and a looming recession have resulted in layoffs galore across the real-estate world, whose stormy seas have triggered worry elsewhere in the economy.
Business was down significantly over the last year and executives forecast it to slow even further, the companys SEC filing shows. The Madison, N.J.-based real estate brokerage and services company reported 9,665 full-time employees and 165 part-time employees as of Dec. 31, 2021 in its annual report. Exchange Act. revised financial accounting standards provided pursuant to Section 13(a) of the KeyBank Real Estate Capital halted lending KeyBank Real Estate Capital cut 100+ jobs Keycorp exited subprime mortgage business, layoffs Key West Bank In a statementto HousingWire explaining the 420-employee layoffs, CEO Alessandro DiNello cited interest rates rising "at the fastest rate this century." the Seventh Circuit to pursue an interlocutory appeal of the decision on class
All rights reserved. You will receive additional instructions via email. Coworking behemoth WeWork announced it laid off 300 employees when it announced the date of its Q4 earnings call on January 19. undersigned hereunto duly authorized. In an 8K report filed with the Securities and Exchange Commission, Anywhere said the layoff was driven by worsening trends in the housing market.. Combined with previous layoffs, the company has reduced its workforce by about 11% since the end of the second quarter of 2022, it said. Since it started in 2018, the company has raised more than $500 million from investors such as LiveOak, Javelin Ventures, and KeyStone Bank. according to the Phoenix Business Journal. The round of layoffs account for approximately 13% of its workforce, and brings the company's total cuts for the year up to 159, according to Layoff Tracker.
Of that total, company leaders said that they already have cut operating costs by $50 million as a result of layoffs in January and the winding down of RealSure, Anywhere's homebuying program. Unique features from hacker profiles to portal watch and video interviews. Commercial real estate behemoth CBRE conducted a round of layoffs in mid-December, although it is unclear how many workers have been impacted, according to LinkedIn posts from former employees. Combining the world's most extensive agent network, leading brands, integrated services, and innovative product & technology capabilities, we're creating a better transaction experience that lets consumers focus on what matters most: the joy of homeownership. Keepe, a Seattle home-repair company, cut an unspecified number of workers from its small workforce in June, GeekWire reported. Consumer Protection Act litigation could have a material adverse effect on our Some investors may find that the income from their multifamily real estate investments are what saves them, and keeps the money coming in as all of these other factors converge. By clicking Sign up, you agree to receive marketing emails from Insider In a message to employees on Tuesday morning, CEO Ryan Schneider said Anywheres financial profile has improved in recent years. expands nationally to six new markets, Wine, golf and social receptions await at Gathering of Eagles 2023, The big buy: Exploring factors impacting todays luxury real estate, Stoeckeler Real Estate affiliates with Century 21, The Real Brokerage launches military division, grows to 10,000 agents. It is unclear how many employees have taken the buyout offers. As described more fully in Note 15 to the consolidated financial statements of the Form 10-K for the year ended December 31, WebAnywhere is the parent company of some of the world's leading real estate brokerage brands and service businesses. Anywhere is the latest to end its iBuying operations, after Zillow and Redfin bowed out of the business in the last year. Is it sell-in-May-and-go-away time already? The online mortgage lender Better started laying people off earlier than most of the companies on this list.
Anywhere Real Estate has kicked off the new year with layoffs.
Adverse developments or outcomes in Please contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice@inman.com. WebSothebys International Realty One of the worlds most prestigious names in real estate is now Anywheres luxury real estate brand. Subscribe to Inman Select for Breaking News and Exclusive Industry Content. WebExclusive program for Anywhere Employees 1. Redfin, RE/MAX, Keller Williams and Compass have all cut their staff in the past three months, with Compass most notably laying off its chief technology officer Joseph Sirosh. Cost-cutting measures are projected to continue through 2026. HW Media connects and informs decision makers across the housing economy. ? Real estate conglomerate lays off an undisclosed number of employees. The coronavirus-caused downturn in the economy has already hit the real estate industry, as nations fastest-growing brokerage, Compass, announced this week that it laid off approximately 15% of its 2,500 employees. But we cannot rest. Sonder, one of the multiple proptech companies to go public during a rush of SPAC deals, laid off 21% of its corporate employees and 7% of its frontline hospitality staff in June, Business Travel News reported. The Country United States. Anywhere Real Estate, Inc. announced a round of layoffs on Jan. 9 with company leadership also revealing plans to shut down its iBuyer service, RealSure. The company was founded in San Francisco but moved its headquarters to Birmingham, Alabama, in 2021 with the goal of creating more than 800 full-time jobs in the state. 10 dead in shooting in Monterey Park, Calif., with suspected gunman at large. We have years ahead of us where we have still additional cost savings that we can go get through efficiencies, automation, more systems integration, things like that, Schneider said during the companys first-quarter earnings call last year. Side, a startup that provides white-label brokerage services like marketing tools to independent brokerages, laid off 10% of the company's workforce. in the aggregate. The company expects to continue to prioritize investments in efforts to support our independent sales agents, franchisees and consumers, the firm said in its SEC filing. Pennymac, a California nonbank lender, laid off another 80 employees in October primarily from its Roseville, Westlake, Agoura, Moorpark, and Pasadena locations in California, according to HousingWire. defendant between March 6, 2015 and December 31, 2020 in any of 20 multiple April 3, 2023: Victoria real estate CEO says the Province's new remote work policy may hurt local businesses and the health of downtown. larger than the class certified in the pending antitrust litigation in the U.S. During its second-quarter earnings call, Anywhere Chief Executive Officer and President Ryan Schneider and Executive Vice President and Chief Financial Officer Charlotte Simonelli both said they would be laser-focused on further strengthening the companys balance sheet in the face of a possible recession. The company disclosed in an SEC filing that it made workforce reductions Monday because of the downturn in the real estate market. Keller Williams cut its marketing team in half three days before its annual Mega Camp conference on Aug. 23, and Anywhere-rival Compass slashed 10 percent of its full-time workforce inflation and rising mortgage rates put the crunch on the companys cash flow. Offerpad, a Chandler, Arizona-based iBuying company, laid off approximately 7% of its workforce on November 11 after the company posted a more than $80 million net loss on its Q3 earnings report, according to a report by the Phoenix Business Journal. The company has raised $213 million since its founding in 2015, most recently a $130 million Series D last year. COMTEX_428049259/2254/2023-03-31T07:20:30. The Mortgage Bankers Association the industry's largest trade group anticipates an attrition rate as high as 30%, according to a spokesperson. Opendoor laid off 550 employees on November 2, according to a blog post on the company's website. Anywhere Real Estate Inc. instituted layoffs to some of its workforce this week, the company announced in an SEC filing Tuesday. "Delivering the company's business model more digitally is an increasing part of our improving the consumer experience and our ongoing cost focus," the company said. A spokesperson confirmed that the company underwent layoffs last Thursday, but the number of impacted employees and their departments was not disclosed. San Francisco Bay area company Reali shuttered its operations in August, affecting 140 employees, TechCrunch reported. Renewal fees up 76% for 2020.
Emerging growth company ? Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). The move impacted 11 employees, primarily from Anywell's operational staff. We must continue to make proactive moves to ensure Anywhere can successfully navigate a more difficult current and upcoming housing environment., In the email, Schneider addressed the layoffs. There seems to be a problem with your Inman Select Membership. The move comes just months after the company announced it would cut more than $400 million in costs during its Q3 earnings call in October, real estate publication The Real Deal reported. It appears Anywhere Real Estate is not immune to the housing market slowdown. the future list their home for sale in one of the 20 MLSs. The layoffs will be effective as of January 21, 2023. Zeus Living, a furnished home rental company, laid off 64 employees on October 20 as the company continues to seek profitability and sustainable growth, according to the San Francisco Business Times. 2823 E. Coast Hwy. Earlier in the month, Satyen Pandya, Side's chief technology officer, left the company, according to a Securities and Exchange Commission filing. Overall, employment at the company has declined by 27% since April 30, the memo said. The layoff wave hasn't affected only smaller lenders and proptech startups. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Commenting is not available unless JavaScript is enabled.
Mark Hulbert has the answer. The company had planned to go public at a $2 billion valuation but instead raised $70 million in equity and $150 million in debt in a private funding round that included the movie director M. Night Shyamalan as one of the investors.
We have targeted an additional $70 million of cost savings to give us greater flexibility to balance our strategic priorities and growth investments against the current housing market backdrop, Simonelli said of the results of Anywheres cost-saving strategies during the first half of the year. The New York insurance-tech startup Rhino laid off 57 employees, or more than 20% of its staff, in February, The Real Deal reported. "Recent industry forecasts predict significant declines in existing home sales in 2023," said the company, referring to forecasts by Fannie Mae and the Mortgage Bankers Association. Only 3 days left to register for Inman Connect Las Vegas before prices go up! Woods said the company was "reacting to market conditions.". Founded in 2015, San Francisco-based Opendoor is America's biggest home-flipping company. elected not to use the extended transition period for complying with any new or Phoenix, Arizona-based mortgage lending company Homepoint laid off 117 employees on November 17 as rising interest rates took a toll on homebuyer demand, according to the Phoenix Business Journal. damages class covering sellers of residential real estate (with certain
Are agents blaming the broker when they leave? Gathering of Eagles is the must-attend event of 2023 for real estate presidents, senior leaders, and broker-owners. Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more. The layoffs were a result of "cyclical changes in the mortgage market," a bank spokesperson told Bloomberg.
All rights reserved. WebAnywhere Real Estate Inc. (NYSE: HOUS) is moving the real estate industry to what's next. defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or The company previously laid off about 10% of its staff in June because of "mounting economic uncertainty," according to a LinkedIn post. The company also said on November 9 that it was shutting down its home-flipping, or iBuying, business, called RedfinNow. Visit a quote page and your recently viewed tickers will be displayed here. defenses to both liability and damage assertions, and is vigorously defending For more details on our payment terms and how to cancel, click here. To streamline and focus our strategic investments for todays environment, we are winding down select initiatives, including RealSure.. Relevant, up-to-date appraisal industry news, Covering the hottest stories and industry trends. ", Schneider continued: "While these decisions are never easy, I want you to know our priority is to support our departing team members I realize the difficulty these actions have on the affected individuals, and I do not take any decisions involving our people lightly. (EDGAR Online via COMTEX) -- The residential brokerage Compass conducted another round of layoffs on January 5, although it is unclear how many employees were impacted, as Business Insider's Dan Geiger reported. Real estate conglomerate lays off an undisclosed number of employees. The move impacted approximately 41,000 workstations and was expected to save the company about $140 million. ANYWHERE REAL ESTATE INC. : Shareholders Board Members Managers and Company Profile | US75605Y1064 | MarketScreener Homepage Equities United States Nyse Anywhere Real Estate Inc. Company HOUS US75605Y1064 ANYWHERE REAL ESTATE INC. (HOUS) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Along Mombasa Road. Anywhere COO Melissa McSherry: We're sure of our place in real estate, Anywhere unveils redesigned headquarters following rebrand, Market headwinds push Anywhere Q2 revenue down 6% to $2.1B, Anywhere COO: Time, friction and costs can be slashed across industry, Joint venture owned by CRMLS, Bright begins selling MLS data, 5 tips to make your mission statement more meaningful, You can't tell an agent what to wear, I said. Since its founding in October 2020, Pacaso has raised more than $1.5 billion in seven funding rounds, with more than $1.3 billion coming from debt. Anywhere real estate cuts work force by 11% since June in face of housing slowdown Steve Gelsi 1/10/2023. My father named my late mother as a beneficiary on his $80,000 life insurance, but my stepmother says it belongs to her. Anywhere Real Estate Inc. (NYSE: HOUS) ("Anywhere" or the "Company"), a global leader in residential real estate services, today reported financial results for the quarter ended September 30, 2022. "Realistically, the macro environment is likely to remain volatile and challenging for the foreseeable future. Some of the company's big-name investors include Bain Capital Ventures, Greylock, and Goldman Sachs. Contact the source provider Comtex at editorial@comtex.com. The Seattle-based company has raised more than $310 million since it opened in 2016. As part of itscost cutting efforts, Anywhere executives on the third quarter earnings call said the firm has been evaluating its agent commission split structure. Anywhere Real Estate Inc. HOUS, -5.71% said in a filing Tuesday it has reduced its work force by 11% since June 30 including a meaningful reduction on NexusPayables powers all of Nexuss solutions: Vendor Payments , AP Automation, and Procure-to-Pay. Commercial real estate software startup Juniper Square laid off 14% of its staff in August, said Chief Marketing Officer Matt Lawson. Yesterday we said goodbye to a number of our great people whose roles were eliminated, Anywhere CEO Ryan Schneider said in a company-wide email Tuesday that it shared with The Real Deal. "This week, we have made the difficult but necessary decision to eliminate a small number of roles and will shift those resources to key growth areas around our housing super-app. Breaking news as it happens. Realogy, nations largest real estate brokerage, cutting employee salaries in wake of coronavirus. Site by, Judge certifies class in multibillion dollar agent commission case, Glenn Sanford named as defendant in eXp sex trafficking suit, Strong demand and low inventory means fewer discounts for homebuyers, Prepare for potential commission lawsuit outcomes, SERHANT. User promo code onward25 during checkout to save 25% on your Inman Select Membership. Anywhere reported home sales were off by 26% in October and 35% in November over the same month the previous year. "We did not make the decision to downsize the team today lightly but did so to ensure we can accomplish our mission for years to come," Opendoor CEO Eric Wu wrote in the blog post. The layoffs are part of a broader cost-cutting plan that is estimated to save the company over $100 million after it posted a more than $44 million loss on its Q2 earnings report, MPA Magazine said. If so please contact customer support at (510) 658-9252, Password Reset Instructions have been sent to. The company, which has said it still plans to go public this year, announced voluntary buyouts for employees in some positions and departments in April. The layoffs come about four months after Vacasa let go of 280 employees on October 21. Notarize CEO Pat Kinsel said the layoffs were a result of "the state of the economy and world events" and that it may be harder than expected to raise further investment in the company. Opendoor, the company that pioneered the model, said in November it lost $928 million in the third quarter of 2022. David Doctorow, the company's CEO, cited slow sales volume and economic headwinds as catalysts for the downsizing, according to Inman.com. Estate Planning . Web+254-730-160000 +254-719-086000. Litigation is inherently unpredictable and subject to substantial uncertainties The move primarily impacted workers who helped build high-rise housing units, according to a report by CalCalist.
A leader of integrated residential real estate services in the U.S., Anywhere includes IRVING CHAM The MarketWatch News Department was not involved in the creation of this content. Holdings Corp., Homeservices of America, Inc., BHH Affiliates LLC, HSF Well, this morning New Jersey-based real estate brokerage, Anywhere Real Estate, announced it made a meaningful reduction to its workforce on Monday. The firm, whose WebAnywhere Advisors is a full-service residential real estate brokerage with brands in many of the largest metropolitan areas in the U.S. Homebot, a real estate referral company based in Denver, Colorado, laid off 18 employees in December 2022, according to a blog post on the company's website. The Wing, a New York-based coworking startup that made office spaces for women, shut down its operations in August, according to Layoff Tracker. Over the past few years, we have been relentless on costs and proactive in strengthening our balance sheet, and we continue to make decisions that enable us to both navigate todays environment and further invest in our future, the spokesperson told Inman on Thursday. Kiavi grew quickly in recent years, and in May announced that it had surpassed $10 billion in loans to real estate investors since it opened in 2013. Axel Springer, Insider Inc.'s parent company, is an investor in Zumper. The latest round of job cuts follows layoffs last summer; workforce reductions since June total 11%. Fully-furnished apartment provider, Landing, conducted a second round of layoffs on December 14, although it is unclear how many employees were let go, according to a report by AL.com. 
"And while we may be navigating a once-in-40 year market transition, it doesn't take away the difficulty, frustration, and sadness downsizing brings.". Cathedral City, California, United States. The company did not provide further updates about the scope of the layoffs on an earnings call Friday. "We will grow next year, just not at the rate necessary to support our company's size prior to this morning's departures.".
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