Compass to Cut About 10% of Workforce Amid US Housing Slowdown

LBM Daily News
Econ & Housing

(Bloomberg) — Real estate brokerages Compass Inc. and Redfin Corp. are cutting their workforces as rising interest rates cool a US housing market that reached a frenzy during the pandemic.Most Read from BloombergCompass will lay off about about 10% of its workforce while Redfin will cut about 6%, the companies said in regulatory filings Tuesday….

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