Orchard Implements Second Round Of Layoffs
The latest cost-cutting effort shed about 23 percent of the workforce
The latest cost-cutting effort shed about 23 percent of the workforce
CEO Glenn Kelman said on Wednesday that brokerage was laying off 862 employees
The 18 percent staffing reduction was in response to "navigating one of the most challenging real estate markets in 40 ...
The cuts impacted Zillow Offer advisors, PA sales, back-end staff, Home Loans and Zillow Closing Services
The company said the move was a result of planned technology advancements that have increased efficiency
The lender had instituted a few rounds of layoffs earlier this year
The real estate co-ownership company pointed to the recent rate hikes as cause for the change in team size
The lender under kwx cited macroeconomic market conditions as cause for the restructuring
Loan officers, senior management and operations were all affected
The move is the second round of layoffs for the brokerage this year
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