More Compass layoffs to come by October

Compass plans more layoffs by the end of September, according to an email from CEO Robert Reffkin obtained by The Real Deal.

The layoffs will affect roles that “do not impact agents,” a spokesperson for the residential brokerage said. In the email sent to employees ahead of Monday’s earnings call, Reffkin said the affected jobs will be “focused on roles outside of the regional operations team.”

The residential brokerage lost $101 million in the second quarter and nearly $300 million in the first half of the year.

*Source: https://therealdeal.com/2022/08/17/more-compass-layoffs-to-come-by-october/