Citing ‘changing real estate market,’ Utah-based Homie lays off one-third of its staff – By Mary Ann Azevedo (Techcrunch) / February 11, 2022
Utah-based proptech Homie has laid off one-third of its staff, according to reports.
Hunter Richardson, former director of talent advisory and acquisition at Homie, posted on LinkedIn that he was among the one-third affected but declined to comment on his being let go.
Homie was founded in 2015, and according to its CEO and co-founder Johnny Hanna’s LinkedIn page, it most recently employed “over 270 people.” The company’s page on LinkedIn shows 311 employees. PitchBook indicates 315 employees as of 2021. Doing the math – if one-third of the staff was let go, that could be anywhere from 90 to 105 affected people.
Homie was one of the many proptechs that started out as an online brokerage aimed at helping home buyers and sellers navigate the purchase and selling process. It became known for cutting out traditional closing costs, 6% real estate commissions and the arduous paperwork associated with traditional home sales. Over time, in an effort to be a one-stop shop, Homie expanded into providing home loan, insurance and title services.
CONTINUE > https://techcrunch.com/2022/02/11/homie-lays-off-1-3-of-its-staff/
