HomeLight lays off a fifth of its workers, weeks after raising $60M – Robert Khodadadian

The recent string of real estate-industry layoffs continued Wednesday, with staffers at proptech unicorn HomeLight the latest victims. The San Francisco-based startup, which raised $60 million at a $1.7 billion valuation just two weeks ago, laid off 19 percent of its employees, Inman reported. In a LinkedIn post, HomeLight said the cuts were aimed at making sure the company had sufficient capital “to operate independently, regardless of the environment or market around us.” The referral

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Tech, Home Prices, home sales, homeownership, layoffs, Residential Real Estate, Technology The Real Deal New York Read More