BREAKING: Redfin to lay off 13% of staff, shutter home-flipping business
FOX Business correspondent Madison Alworth has the latest on the state of the housing market on 'Mornings with Maria.'
Redfin announced Wednesday that it's laying off 13% of its workforce and shuttering its home-flipping business. "We’re laying off 862 brilliant, loyal people and also closing RedfinNow," the online real estate company said in an SEC filing. "We’ll still need home-services employees for our concierge service to fix up brokerage customers’ listings, but since that group spent most of its time renovating RedfinNow homes, it will get much smaller."
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