Title insurer Doma lays off 250

Doma is dropping another large group of employees as the title insurer looks to navigate the shifting residential real estate market.

The digital title insurance provider is laying off 250 employees, Inman reported. The cut comes only three months after the company executed an even larger round of layoffs, shedding 310 employees in May.

All told, the company expects the layoff of 561 employees will lead to an annual cost savings of $70 million.

*Source: https://therealdeal.com/national/2022/08/22/title-insurer-doma-drops-another-swath-of-employees/