redfin

Redfin shareholders approved executive bonuses and huge compensation packages on the same day the company announced major layoffs. How is that legal?

Redfin shareholders approved executive bonuses and huge compensation packages on the same day the company announced major layoffs. How is that legal?

Last week, the CEO of real estate company Redfin, Glenn Kelman, announced the company was laying off 8% of its employees in an email, saying that demand for the company’s realtor services had fallen 17% below expectations in May. “We don’t have enough work for our agents and support staff, and fewer sales leaves us …

Redfin shareholders approved executive bonuses and huge compensation packages on the same day the company announced major layoffs. How is that legal? Read More »

More Companies Start to Rescind Job Offers

More Companies Start to Rescind Job Offers

Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc. , real-estate brokerage Redfin Corp. , and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets …

More Companies Start to Rescind Job Offers Read More »

5 signs the housing market is starting to slow down | CNN Business

5 signs the housing market is starting to slow down | CNN Business

There is a shift happening in the housing market. After more than a year of soaring demand, exploding home prices and increasing real estate sales, the market finally seems to be cooling off. “The housing market isn’t crashing, but it is experiencing a hangover as it comes down from an unsustainable high,” said Taylor Marr, …

5 signs the housing market is starting to slow down | CNN Business Read More »