1. JPMorgan Starts to Cut Mortgage Jobs  Bloomberg Markets and Finance
  2. JPMorgan lays off hundreds in mortgage business after rate surge  Deccan Herald
  3. JPMorgan (NYSE:JPM) Mortgage Unit Laying Off or Reassigning 1,000 Employees  Bloomberg
  4. JPMorgan Chase to lay off hundreds in home-lending unit as mortgage rates climb (NYSE:JPM)  Seeking Alpha
  5. Real estate companies are actually not laying off staff right and left  Inman
  6. View Full coverage on Google News
It's another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices.It's another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices.

Layoffs hit crypto and real estate tech particularly hard this week – TechCrunch

Redfin and Compass are laying off employees, citing weakness in the housing sector as a driver for the cutsRedfin and Compass are laying off employees, citing weakness in the housing sector as a driver for the cuts

'We could be facing years, not months, of fewer home sales,' says Redfin CEO announcing 8% layoffs - MarketWatch

Seattle real estate company Redfin announced Tuesday that it is cutting about 8% of its workforce, acknowledging that a housing downturn in the U.S. is hitting the company hard. The… Read More

Redfin laying off 8% of workforce due to 'market conditions' as real estate demand cools – GeekWire

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The move is expected to impact over 500 Redfin employees in agent and support roles, according to an announcement from CEO Glenn Kelman.The move is expected to impact over 500 Redfin employees in agent and support roles, according to an announcement from CEO Glenn Kelman.

Redfin Lays Off 8% Of Employees As Industry Sheds Staff - Inman

Compass announced layoffs for 450 workers on Tuesday and halted trading on the New York Stock Exchange indefinitely, sources told RealTrends.Compass announced layoffs for 450 workers on Tuesday and halted trading on the New York Stock Exchange indefinitely, sources told RealTrends.

Compass lays off 450, briefly halts trading on NYSE - RealTrends

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More than 1,000 workers will be affected, Bloomberg reported, with half being reassigned and half leaving the company.More than 1,000 workers will be affected, Bloomberg reported, with half being reassigned and half leaving the company.

JPMorgan Cuts 1,000+ Jobs From Home-Lending Unit: Report

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The company said it doesn't have enough work for its agents.

Cooling Housing Market Prompts Layoffs at Redfin | Arkansas Business News | ArkansasBusiness.com

Major layoffs are coming to some of the nation's largest real estate companies.Major layoffs are coming to some of the nation's largest real estate companies.

Real estate companies start laying off employees amid low demand

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“We could be facing years, not months, of fewer home sales,” the CEO of Redfin said.“We could be facing years, not months, of fewer home sales,” the CEO of Redfin said.

Real estate firms lay off hundreds as home sales fall | Las Vegas Review-Journal

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The layoffs at both real estate tech companies come as the housing market starts to cool thanks to higher mortgage rates and inflation.The layoffs at both real estate tech companies come as the housing market starts to cool thanks to higher mortgage rates and inflation.

Redfin and Compass lay off hundreds of workers as housing market cools, inflation spikes

In short, the party ran out of bamboozle.

“Real Estate Tech” in Existential Crisis as Housing Sours, Stocks Plunge, New Money Out of Reach: Redfin & Compass Try to Survive by Cutting Staff. Opendoor, Zillow Sag | Wolf Street

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Redfin said Tuesday it would lay off nearly 500 employees. In an SEC filing, Compass said it plans to lay off 10% of its workforce.Redfin said Tuesday it would lay off nearly 500 employees. In an SEC filing, Compass said it plans to lay off 10% of its workforce.

Redfin and Compass Announce Lay-Offs | Florida Realtors

There will be hundreds of layoffs at JPMorgan Chase, in the company's mortgage division, as mortgage industry is taking a hit as interest rates spike.There will be hundreds of layoffs at JPMorgan Chase, in the company's mortgage division, as mortgage industry is taking a hit as interest rates spike.

Mortgage industry experiencing more layoffs, this time, at JPMorgan Chase | WRAL TechWire

Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off. According to a published report, CEO Glenn Kelman announced the layoffs Tuesday, telling employees, “With May demand 17% below expectations, we don’t have enough work for our agents and support staff, and fewer sales leaves us with less money for headquarters projects. ”The cuts at the online listing site and real estate brokerage could affect more than 450 people.Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off. According to a published report, CEO Glenn Kelman announced the layoffs Tuesday, telling employees, “With May demand 17% below expectations, we don’t have enough work for our agents and support staff, and fewer sales leaves us with less money for headquarters projects. ”The cuts at the online listing site and real estate brokerage could affect more than 450 people.

Redfin CEO announces layoffs at Seattle-based firm, citing housing market slowdown | KOMO

Redfin CEO announces layoffs at Seattle-based firm, citing housing market slowdown

(The Center Square) – Seattle-based real estate company, Redfin, announced it is laying off 8% of staff as the housing market cools.(The Center Square) – Seattle-based real estate company, Redfin, announced it is laying off 8% of staff as the housing market cools.

Redfin layoffs portend grim future for housing market | National News | kpvi.com

Compass and Redfin each instituted layoffs Tuesday as economic conditions worsened. The next few days will be telling.Compass and Redfin each instituted layoffs Tuesday as economic conditions worsened. The next few days will be telling.

Compass and Redfin make cuts amid volatile market - HousingWire

Layoffs in 2022 have been rough already with several companies cutting their workforces just this week as the economy gets worse.Layoffs in 2022 have been rough already with several companies cutting their workforces just this week as the economy gets worse.

Layoffs 2022: 7 Companies Making Major Job Cuts This Week | InvestorPlace

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JP Morgan Chase is laying off hundreds of employees in its home-lending business and reassigning hundreds more this week, Bloomberg News reported on Wednesday.JP Morgan Chase is laying off hundreds of employees in its home-lending business and reassigning hundreds more this week, Bloomberg News reported on Wednesday.

JP Morgan reportedly laying off hundreds in mortgage business

Real estate brokerage Compass and Redfin are both laying off staff, a sign that the housing market is slowing as higher interest rates make mortgages moreReal estate brokerage Compass and Redfin are both laying off staff, a sign that the housing market is slowing as higher interest rates make mortgages more

Redfin and Compass layoffs amid housing downturn

The Redfin real estate company laid of 8% of its workforce as the industry continues to contract Tuesday.The Redfin real estate company laid of 8% of its workforce as the industry continues to contract Tuesday.

Redfin lays off 8% of workers, forecasts years of fewer home sales amid rate hikes | Fox Business

Shares of the real estate brokers fell sharply in Tuesday trading after they each announced plans to lay off more than 400 employees.Shares of the real estate brokers fell sharply in Tuesday trading after they each announced plans to lay off more than 400 employees.

Compass, Redfin Shed Workers Amid Bleak Housing Market

Bloomberg - Are you a robot?

Real estate tech companies Redfin and Compass both conduct layoffs as the housing market slows.Real estate tech companies Redfin and Compass both conduct layoffs as the housing market slows.

Redfin and Compass lay off a combined 900+ employees as mortgage interest rates continue to climb – TechCrunch

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Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off.Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off.

Cooling market prompts layoffs at Redfin | The Journal Record

"I said we wouldn’t lay people off unless we had to. We have to," Glenn Kelman, Redfin's CEO wrote in a blogpost.

Real estate companies Redfin and Compass lay off almost 1,000 workers as housing prices rise - masslive.com

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"We could be facing years, not months, of fewer home sales, and Redfin still plans to thrive.""We could be facing years, not months, of fewer home sales, and Redfin still plans to thrive."

Redfin laying off 8% of its staff

Compass and Redfin announced layoffs for hundreds of employees amid the cooling U.S. housing market and the latest in real estate layoffs.Compass and Redfin announced layoffs for hundreds of employees amid the cooling U.S. housing market and the latest in real estate layoffs.

Compass, Redfin Lay Off Hundreds of Employees

Compass and Redfin announced layoffs for hundreds of employees amid the cooling U.S. housing market and the latest in real estate layoffs.Compass and Redfin announced layoffs for hundreds of employees amid the cooling U.S. housing market and the latest in real estate layoffs.

Compass, Redfin Lay Off Hundreds of Employees

JPMorgan Chase & Co said on Wednesday it had started laying off employees in its mortgage business, as elevated inflation and rising mortgage rates slow the housing boom in the United States.JPMorgan Chase & Co said on Wednesday it had started laying off employees in its mortgage business, as elevated inflation and rising mortgage rates slow the housing boom in the United States.

JPMorgan starts cutting jobs in mortgage unit as homebuying demand cools | Reuters

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It's another bad sign for the housing market.It's another bad sign for the housing market.

Compass, Redfin both announce layoffs amid slowing housing market nationwide

Signs are pointing toward a slowdown in demand that could put an end to booming house prices—but experts are divided on whether we’re in a housing bubble that’s waiting to burst. Experts are divided on whether we’re in a housing bubble that’s waiting to burst.

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