Posted on September 21, 2022
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