Click here to join our community of experts to get information on job search, salaries and more.

factory
corporate_fare
where_to_vote
paid
Funding Stage -
person
Layoff Count -

Posted on September 21, 2022

Compass Eliminates More Jobs as Real Estate Brokerage Seeks to Cut Costs

Compass Eliminates More Jobs as Real Estate Brokerage Seeks to Cut Costs

Compass Inc. cut more jobs, part of cost-reduction moves by the real estate brokerage as it aims to turn a profit even in a weakening US housing market.Chief Executive Officer Robert Reffkin said in a memo obtained by Bloomberg that the biggest reduction was in the technology team. Compass said Tuesday in a regulatory filing that it estimates it will take a pre-tax cash charge of about $23 million to $26 million for