RedFin Lays off 20% of its Workforce
October 14, 2008 – 9:57 am“A Very Tough Day” says Glenn Kelman, the CEO of Redfin who yesterday had to lay off 20% of his staff. “Unlike other startups, our industry’s recession started a year ago, when home prices first plunged.” says Kelman.Kelman’s final words in his post “Redfin’s whole business will struggle and fight and may yet fail. But the only way it is possible to succeed - and even today, I believe we will - is if we adapt.”
2 Responses to “RedFin Lays off 20% of its Workforce”
That is sad to see. Will we see Zillow cut back too?
By Dave Dugdale on Oct 14, 2008
Yes - http://rentbits.com/blog/zillow/zillow-lays-off-25-of-it-workforce
By Dan Daugherty on Oct 17, 2008