Compass executes third layoffs in one year – Robert Khodadadian

, Compass executes third layoffs in one year – Robert Khodadadian, Robert Khodadadian

Compass announced another round of layoffs Thursday, which the company said is the last wave of staff cutbacks it will need to undertake to reduce its expenses to a point where it can be cash-flow positive by mid-2023. “The company believes its actions allow for a path to achieve positive free cash flow in 2023 accounting for market scenarios that are worse than Fannie Mae’s negative 22.6% estimate for residential real estate transaction volume (price

 Compass announced another round of layoffs Thursday, which the company said is the last wave of staff cutbacks it will need to undertake to reduce its expenses to a point where it can be cash-flow positive by mid-2023. “The company believes its actions allow for a path to achieve positive free cash flow in 2023 accounting for market scenarios that are worse than Fannie Mae’s negative 22.6% estimate for residential real estate transaction volume (price
The post Compass executes third layoffs in one year appeared first on New York.  Home Page, Residential Real Estate, compass, layoffs, Residential Brokerage The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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See also  MAG Capital Partners Buys Nolensville Industrial Asset in Sale-Leaseback Deal on November 15, 2022 at 3:07 pm Connect CRE – Robert Khodadadian

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