Redfin lays off 46 employees
Redfin has started 2025 with a round of layoffs. The Seattle-based brokerage company laid off 46 employees on Thursday.
In a statement emailed to HousingWire, a Redfin spokesperson noted that most of the impacted employees were managers in the company’s headquarters, program and field leadership roles. No agents were impacted.
“We’re continuing to aggressively hire agents,” the spokesperson wrote. “We’re always looking for ways to be more lean so we can do more for customers.”
This is the fifth round of layoffs at Redfin since June 2022, when Redfin laid off 500 employees as the housing market began to turn. It then cut another 862 positions in November 2022, partially due to the shutdown of its iBuying program. The brokerage most recently laid off 82 employees in August 2024.
During the third quarter of 2024, Redfin reported revenue of $278 million, up 3% annually. But the company reported a net loss of $33.8 million, up from a loss of $19 million in Q3 2023.
