Redfin laid off 46 employees, primarily managers, as part of an ongoing effort to streamline operations despite growing revenues; they're focusing on aggressive hiring for agents.
This latest wave of layoffs marks the fifth time Redfin has reduced its workforce since June 2022, with a significant loss of about 1,400 positions in previous rounds.
Although Redfin reported an increase in revenue, it also faced a larger net loss than the previous year, indicating continuing financial struggles amid market shifts.
The company is striving to be leaner and more efficient, aiming to enhance service for customers while navigating challenges within the changing housing market.
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