Keyword: cold winter

Redfin Lays off 20% of Workforce

Redfin Lays off 20% of Workforce

A Very Tough Day… …says Redfin’s Glenn Kelman Today Redfin laid off roughly 20% of our employees. Unlike other startups, our industry’s recession started a year ago, when home prices first plunged. Since then, we’ve fought like starving animals, and with some success: while industry-wide transaction volumes dropped 33%, we grew revenues by nearly 50%. Traffic grew more than 300%. ...

Benn Rosales | 2008/10/13  | 15 Comments News

Redfin Lays off 20% of Workforce

Redfin Lays off 20% of Workforce

A Very Tough Day… …says Redfin’s Glenn Kelman Today Redfin laid off roughly 20% of our employees. Unlike other startups, our industry’s recession started a year ago, when home prices first plunged. Since then, we’ve fought like starving animals, and with some success: while industry-wide transaction volumes dropped 33%, we grew revenues by nearly 50%. Traffic grew more than 300%. ...

Benn Rosales | 2008/10/13  | 15 Comments News