Real-estate company Redfin Corp. laid off 13% of its staff on Wednesday and closed its home-flipping unit, saying the operation was both too expensive and too risky to continue.
The Seattle-based company, which operates a real-estate brokerage and home-listings website, said the decisions were made because it is predicting that the real-estate market is going to be smaller next year and its home-flipping business is losing money. It previously laid off 8% of its workforce in June of this year.
- American Eagle Outfitters:
Get 15% off AE promo code with text alerts
Wayfair promo code for Black Friday: 25% off $150
Kohl's coupon - 30% off sitewide for Rewards members
Walmart Black Friday Deals for Days - Up to 70% off
25% off all orders over $15 with DoorDash coupon code
Target coupon - Shop online & save up to 50%