Part 2/8:
Redfin is similarly impacted, revealing they cut an additional 46 jobs focused on management roles amidst challenging market conditions. The real estate landscape remains unstable, with properties lingerling unsold for extended periods. Interestingly, despite the turmoil, Zillow’s stock price has seen an increase over the past three years, in stark contrast to the downward trend observed at Redfin.
Tech Layoffs: A Growing Concern