Redfin is laying off 46 employees
Redfin 2025 has started with a round of layoffs. The Seattle-based brokerage firm laid off 46 employees on Thursday.
In an emailed statement to HousingWirea Redfin spokesperson noted that most of the affected employees were managers in the company’s corporate offices, programs and field leadership roles. No officers were affected.
“We continue to aggressively hire officers,” the spokesperson wrote. “We’re always looking for ways to be leaner so we can do more for customers.”
This is the fifth round of layoffs at Redfin since June 2022, when Redfin laid off 500 employees as the housing market began to turn. It then eliminated another 862 positions in November 2022, partly due to the discontinuation of its iBuying program. The brokerage last laid off 82 employees in August 2024.
During the third quarter of 2024Redfin reported revenue of $278 million, up 3% year over year. But the company reported a net loss of $33.8 million, compared to a loss of $19 million in the third quarter of 2023.
