Compass real estate layoffs Partner with a local real estate agent to find the home or apartment that’s right for you. His evidence-based analysis is widely read by global leaders, and he is a sought-after strategy and new ventures consultant. technology engineering team, which bore the brunt of the most recent round Jun 14, 2022 · Two major real estate firms are cutting their workforces. 0 12 Aug 2025 Great Place to Kickstart Design Career Graphic designer Former employee, more than 1 year Houston, TX Recommend CEO Jun 14, 2022 · Real estate brokerages Compass and Redfin are slashing jobs as rising interest rates cool a housing market that had blazed during the pandemic. Sep 22, 2022 · As Compass has struggled to start making money before it burns through its investor cash, many brokers have bailed. Jun 15, 2022 · An earlier version of a headline with this article misstated where layoffs were happening at two real estate companies. Here's the Usearch identified 6 signals for Compass Group North America, including: 3 Commercial Real Estate Lease Transactions and 3 Layoffs. . So reports The Real Deal. Jan 5, 2023 · Compass CEO Robert Reffkin reportedly discussed the layoffs Thursday in an email to staff. According to most public sources, Compass Jun 14, 2022 · Real estate firms Compass and Redfin revealed plans to conduct layoffs on Tuesday as surging mortgage rates trigger a slowdown in the once-booming housing market. Viral images being shared claim to show The layoffs came after more than a dozen other real estate companies, many of them in the mortgage sector, embarked on their own cuts this year. Similar to most traditional brokerages, real estate commissions charged to buyers and sellers working with Compass are negotiated on a case-by-case basis with agents. 8 billion. [4][5] It has approximately 33,000 agents, who are generally independent contractors, on its platform. Apr 10, 2020 · The layoffs were acute in Compass’ flagship locale of Beverly Hills, where 17 workers got the pink slip. Two of the country’s largest brokerages, Compass and Feb 5, 2020 · Compass, a digital real estate brokerage backed by Japanese venture capital powerhouse SoftBank, has acknowledged that it is laying off as many as 40 employees in its marketing, information technology and mergers departments. CEO Reffkin blamed the reduction in force on the retreat of Buy, sell, and rent smarter with Compass. Read the email Robert Reffkin, Compass' CEO, sent to staff announcing the layoffs Thursday morning. As the article correctly noted, Redfin and Compass are letting employees go Feb 18, 2025 · WASHINGTON — There is a lot of chatter online claiming recent layoffs of federal workers in the DC region are impacting the District's housing market. The size of the current round of layoffs isn’t clear Jun 2, 2025 · Compass CEO Issues Housing Market Warning | Mortgage Rates Drop Real Estate Mindset 192K subscribers Subscribed 0 Jun 15, 2022 · Mortgage rates are climbing, home sales are dropping and some of the nation’s largest real estate companies are announcing layoffs. Oct 11, 2023 · A year after a “bloodbath” of layoffs began in residential real estate, brokerages are adapting to the realities of tighter bottom lines. 6B deal, forming the world's largest residential brokerage with over 340K agents in 120+ countries. Feb 18, 2025 · Widely-circulated social media posts are implying thousands of D. - Anonymous employee Compass Real Estate Employee Review See All Reviews (70) 2. Redfin said it cut about 8% of its employees and Compass said Mar 4, 2024 · Compass declined to say how many people it employs domestically, but a representative said it doesn’t plan on having more layoffs. Jun 14, 2022 · Layoffs hit the brokerage world Tuesday, with Compass and Redfin announcing they were cutting hundreds of employees amid a cooling housing market and stock market correction. operates a residential real estate brokerage in the United States. anticipating home sales cooling nationwide and rising interest rates, two renowned real estate firms laid off hundreds of workers. Compass is a real estate brokerage that offers advanced technology features and services to its agents. Licensed real estate agents said that’s Aug 9, 2022 · With the real estate market cooling off and the economy slowing down, real estate companies are starting to make changes. Jan 5, 2023 · The embattled brokerage has hemorrhaged money as home sales dip amid higher interest rates. Taken together, the picture emerging is one of an industry that, coming off one of its best years in decades, is now taking a beating. Compass is owned by one corporate entity and does not operate franchises in the US. Usearch discovered 4 locations for Compass Group North America including locations in Lexington · Kentucky. The most recent layoffs within the real estate industry are: • Club Wyndham Resort at Fairfield Glade is laying off 88 employees. Below, you can browse through all the latest real estate layoffs from 2025:. Aug 25, 2022 · Compass let go of its chief technology officer Joseph Sirosh as the residential brokerage gets serious about cost-cutting amid heavy losses. Jan 5, 2023 · For the third time in eight months, real estate brokerage Compass is laying off staff as it races to cut costs amid a slowing housing market. That’s about half of the “over 1,500 highly experienced product and engineering professionals” worldwide that the company reported in a February filing. A free inside look at company reviews and salaries posted anonymously by employees. • Club Wyndham Resort at Fairfield Glade is laying off 90 employees. Another Episode of Major Hype, Your #1 Source for Business, Entrepreneurial, and Real Estate news. The real estate giant, which has approximately 800 agents in Dallas-Fort… Jan 6, 2023 · The real estate market is seeing major changes, including major layoffs at Compass and rents showing some relief. Usearch has identified 33 executives & key decision-makers. The real estate giant, which has approximately 800 agents in Dallas-Fort Jan 6, 2023 · The real-estate company Compass announced it would be conducting its third round of layoffs and is looking to sublease its New York City headquarters at 90 Fifth Avenue. On the same day real estate rival Compass told the Securities and Exchange Commission Jul 6, 2022 · Compass was always aspirational. Jan 5, 2023 · The brokerage’s latest layoffs are its third round of job cuts in less than a year as higher borrowing costs cool the real estate market. The layoffs have impacted more than 13,000 workers and come as demand for mortgages has reached its lowest level Jun 14, 2022 · In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut. Jan 26, 2023 · WeWork, Vacasa, and Compass are the latest real-estate firms to lay off employees. Partner with a local real estate agent to find the home or apartment thats right for you. What are employees saying about Compass Real Estate layoffs in 2025? Explore Glassdoor's employee reviews to understand what current and former employees are saying about Compass Real Estate layoffs and their outlook for job security at Compass Real Estate in 2025. Another round of layoffs for Compass Real Estate Compass’ Robert Reffkin (Compass, Illustration by The Real Deal with Getty) Compass announced another round of layoffs yesterday, which the company said is the last wave of staff cutbacks it will need to undertake to reduce its expenses to a point where it can be cash-flow positive by mid-2023. Sep 20, 2022 · The real estate company Compass is undergoing layoffs Tuesday as part of its plan to “significantly” reduce costs by the end of the year in order to navigate simultaneous downturns in the Sep 21, 2022 · The tech-focused real estate brokerage Compass announced another round of layoffs this week, the latest cuts as the housing market cools. Jan 5, 2023 · The real-estate brokerage Compass told its staff on Thursday that it would be conducting another round of layoffs, with the money-losing firm seeking to further cut costs amid a weakening housing Sep 21, 2022 · New York-based real estate brokerage Compass has laid off 84 employees based in Washington state as part of a reduction that largely targets the company’s technology workforce. compass is laying off more Jun 6, 2023 · Compass, Anywhere, Zillow and Rocket Companies all fell out of the Fortune 500 after a brutal year for residential real estate. Compass, Inc. He is internationally recognized as an expert and thought-leader in real estate tech. Jan 7, 2023 · In its quest to have positive cash flow later this year and stem massive losses, Compass Real Estate announced on Friday a third round of corporate layoffs and seeks to sublease part of its global headquarters at 90 Fifth Avenue in New York City. In its quest to have positive cash flow later this year and stem massive losses, Compass Real Estate announced on Friday a third round of corporate layoffs and seeks to sublease part of its global headquarters at 90 Fifth Avenue in New York City. In filings with the Securities and Exchange Commission, Compass announced a 10% reduction in its workforce while Redfin is reducing its by 8%. The company said it is the last wave of staff cutbacks it will need to undertake to reduce its expenses to a point where it can be cash-flow positive by mid-2023. Jan 6, 2023 · Compass (COMP) layoffs are a hot topic among traders on Friday as the real estate firm further reduces its headcount to reduce costs. S. Jan 6, 2023 · The real estate market is seeing major changes, including major layoffs at Compass and rents showing some relief. 5. compass is laying off more people after two rounds of job cuts in the past eight months. As 2023 begins, there are multiple trends moving in many directions. Apr 1, 2023 · Recent headlines have been filled with news of layoffs, but look closer, writes author and executive Joe Rand. It also has substantially less cash than it did a year ago. Come back every week, Monday - Friday for a daily show rel Jan 5, 2023 · Compass announced its third round of layoffs since June 2023 in a bid to reduce its operating yearly expenses and achieve profitability. Sep 22, 2022 · Heavyweight U. mortgage rates are climbing, home sales are dropping and some of the nation’s largest real estate companies are. 99 Compass reviews. The real-estate brokerage is planning another round of layoffs, to occur by the end of September. Continue reading → Tagged agent, brokerage, Compass layoffs, Layoffs, Lifestyle, Markets & Economy, mortgage, new agent, Opinion, real estate Jun 14, 2022 · Real estate brokerages Compass and Redfin are imposing sizable layoffs as home sales continue declining. Sep 24, 2025 · Compass acquires Anywhere Real Estate in $1. real estate brokerage Compass has announced a second round of layoffs, apparently bigger than the 450-employee cut made in June. Layoffs while reporting profits. [2] It operates under the names Compass and Christie’s International Real Estate. The companies where layoffs are occurring are wholly unrepresentative of the real estate industry and don’t represent a major trend. News Jun 15, 2022 · Compass Real Estate, the largest real estate brokerage in the country that rose to dominance rapidly after being founded by Goldman Sachs alum and philanthropist Robert Reffkin, a firm that boldly bought off high-producing agents at elite firms (and bought some firms outright in many cases), announced significant layoffs on Tuesday. Compass disclosed the layoffs in a securities filing this week, saying they would cost between $10 million and $12 million in severance pay and other layoff benefits. Mar 3, 2025 · The local real estate marketplace. A second round of layoffs followed in September. Douglas Elliman, in particular, seems to be getting a slew of prodigal agents. Sep 20, 2022 · In an effort to cut company costs amid a housing market downturn, the New York-based real estate firm Compass is undergoing a round of layoffs that will primarily affect its technology team. Recent cost-cutting battered the tech team, which had been a bragged-about centerpiece of the firm. Jun 15, 2022 · As the housing market slows, Redfin and Compass have decided to trim their workforces, making cuts of 8% and 10%, respectively. • Onx Homes is laying off 137 employees. Compass real estate: worth looking into careers there or are they done for? Heard they had layoffs but see roles of interest on their career site Aug 27, 2022 · Compass employee laid off 10% of its workforce in June. While the job cuts affect only a tiny portion o Oct 10, 2022 · Real-estate brokerage Compass laid off over 1,000 people this year as it struggles to turn a profit. 0 1 Aug 2025 Compass real estate Sales consultant Former temporary employee, less than 1 year Naples, FL Recommend CEO approval Business outlook Pros excellent staff and central Naples office location Cons conference room is a bit small Show more Helpful Share 4. C. The tech-centric brokerage did not say how many employees would lose their jobs, but noted in an SEC filing disclosing the workforce reduction that its U. It had a market share in the Oct 6, 2022 · The brokerage Compass is laying off 84 Washington. Aug 21, 2023 · Mike is a global real estate tech strategist, and a scholar-in-residence at the University of Colorado Boulder. One worker shared their story. Oct 24, 2025 · Compass, the troubled national real estate firm which has been expanding in Rhode Island announced another round of layoffs Thursday. We now have access to a partial list of employees laid off (see below link). Compass first began reducing personnel in June 2022 — when it cut 450 people, or 10% of its personnel — as the real estate market cooled due to rising interest rates and persistently high home prices. Compass Real Estate, the largest real estate brokerage in the country that rose to dominance rapidly after being founded by Goldman Sachs alum and philanthropist Robert Reffkin, a firm that boldly bought off high-producing agents at elite firms (and bought some firms outright in many cases), announced significant layoffs on Tuesday. Compass also sought to avoid affecting broker support in June when the company announced it was laying off 10 percent of its staff or about 450 employees that did. Of course it was: It’s a real-estate brokerage and a start-up, both of which feed off and generate dreams of more comfortable, moneyed futures. Usearch found 149 layoff events that occurred at real estate companies. CEO Robert Reffkin addressed the layoffs in an emailed memo to staff viewed by Insider. 0 Aug 25, 2022 Anonymous employee Former employee, more than 1 year Recommend CEO approval Business outlook Pros Jan 5, 2023 · Compass announced a third round of layoffs as it seeks to reduce operating expenses and become profitable in the face of a slowing residential real estate market. Jun 14, 2022 · Real estate tech companies Redfin and Compass both conduct layoffs as the housing market slows. As a result of the announcements, shares for both companies fell earlier […] Jan 5, 2023 · Luxury real estate brokerage Compass has announced a third round of layoffs in seven months as it struggles to stem losses amid a deteriorating housing market. [2] In 2024, the company completed 205,122 transactions for a gross dollar value of $216. Compass and Redfin are laying off 10% and 8% of their staffs, respectively. Search tons of for-sale listings, local real estate tips, and more! Compass Real Estate Layoffs. They were also felt across San Francisco, a market the real estate brokerage dominates Compass still has more than 700 employees in its technology team, which Reffkin said was likely more tech workers than every traditional real estate brokerage combined. -area homes are being listed for sale amid the recent firings of federal employees. Nov 6, 2020 · We previously mentioned that Compass, the real estate brokerage, laid off 375 staffers in late March. Jun 22, 2022 · The real-estate brokerage Compass announced on June 14 that it was laying off 10% of its employees. adgkdtjt zufr jzxaukm ohrlyu fkbuwu kswar icbfhu exkj qecor ppgyt hnji ksgwi iiotkvw ufsml vwv