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Question of the Day>Will Layoffs by Redfin (8%) & Compass (10%) affect you?16971

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WGAN Question of the Day (All)

Question of the Day: Will Layoffs by Redfin (8%) and Compass (10%) affect you?

Hi All,

The WGAN Forum Question of the Day for Tuesday, 14 June 2022:

Will Layoffs by Redfin (8%) and Compass (10%) affect you?

Best,

Dan

P.S. ...

The Real Deal (14 June 2022) Compass, Redfin cut hundreds of employees amid cooling market | 450 to depart Compass, Redfin slashing 470
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The Real Deal (14 June 2022) Compass, Redfin cut hundreds of employees amid cooling market | 450 to depart Compass, Redfin slashing 470

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[Note by @DanSmigrod | My Jasper AI Writing Assitant's summary of the news article above]

Layoffs are hitting the real estate world, with Compass and Redfin both announcing significant cuts to their employee numbers.

The firms are citing a cooling housing market and stock market correction as the reason[s] for the layoffs. Compass is cutting 10 percent of its staff, or about 450 employees, while Redfin is laying off approximately 470 employees, or 8 percent of its total employee base.

Both companies say they expect to complete the reductions by the end of June.



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[Note by @DanSmigrod | My Jasper AI Writing Assistant summary was spot-on!]
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