Inman: Redfin is furloughing 41% of its real estate agents11425
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 WGAN ForumFounder & WGAN-TV Podcast Host Atlanta, Georgia |
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| Inman (7 April 2020) Redfin is furloughing 41% of its real estate agents - The company announced it's also laying off 7% of its staff in an SEC filing "Redfin announced Tuesday in a U.S. Securities and Exchange Commission filing that it’s furloughing 41 percent of its agents — nearly 600 total agents, based on 2018 agent count — until Sept. 1, along with some support staff, due to the market slowdown in the wake of a global pandemic. A total of 7 percent of the company’s staff is being laid off, according to the filing," reports Inman. "“We’re relieved that the people who have to leave Redfin will also get more support,” Kelman said. “We decided on this large-scale furlough because fewer people are buying and selling homes, but another factor was the federal government’s $600 weekly contribution to each person’s unemployment insurance,"' reports Inman. -- Receive a $20 credit on your Inman Select subscription with the WGAN Promo Code for Inman |
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| Inman (7 May 2020) Redfin brings back 14% of furloughed employees | ||
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