Redfin (NASDAQ: RDFN) laid off 46 employees in a new round of job cuts.
The Seattle-headquartered company, which employs more than 4,000 people, confirmed the layoffs in a statement to GeekWire, explaining the impacted employees were “primarily managers in our headquarters, program, and field leadership roles.” The company added that none of its agents were laid off, noting that it was “continuing to aggressively hire agents.”
Redfin began a series of layoffs in June 2022 during the housing market’s slowdown, followed by more reductions in April 2023 and last August. While the company reported revenue growth of 3% to $270 million in its most recent quarterly report, it also absorbed a $33 million net loss, up from $19 million in the year-ago period.
