Flyhomes is the venture capital-fueled real estate company to fall victim to the slowdown in the housing market, opting to lay off 20% of its staff this week. To operate in a fiscally “prudent and sustainable” manner in the face of uncertain economic conditions, Flyhomes said it made the “difficult decision to reduce the size of our team,” in a LinkedIn post on Thursday. “The past few months have brought the largest interest rate hike in nearly 30 years, and that has impacted the demand for housing,” the brokerage and lender said. The Seattle company confirmed it laid off 20% of its workforce, but declined to disclose the current headcount or provide details on severance payments. According to LinkedIn posts from affected employees, 200 people in Seattle and India were laid off on Thursday. Eliminated positions included a video content specialist, regional sales manager and senior client success specialist in Washington and researchers and recruiters in India. How to generate seller leads in a tight inventory environment It’s no secret that the housing industry is facing inventory challenges right now. So how can brokers and agents generate seller leads in this tight inventory environment? Presented by: Agent Image The firm,…
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Flyhomes lays off 20% of its employees as housing demand falls – HousingWire
