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Homie layoffs: Utah real estate disruptor cuts staff due to housing market issues
Utah actual estate market place disruptor Homie introduced companywide layoffs previous week as the tech startup lowered its workforce by some 28{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} amid unparalleled ailments for home customers and sellers in Utah and all-around the region. Homie co-founder and CEO Johnny Hanna reported the team reductions impacted 119 workers across the company’s operations in Utah, Arizona, Colorado, Idaho and Nevada. Hanna, a veteran Utah entrepreneur, claimed a confluence of current market situations place the firm in a situation of needing to make vital variations he described as the hardest choice he’s had to make in his occupation. “Record reduced inventories have completely played a function in this,” Hanna explained. “2021…
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Citing ‘changing real estate market,’ Utah-based Homie lays off one-third of its staff
Utah-centered proptech Homie has laid off just one-3rd of its staff members, according to reviews. Hunter Richardson, former director of expertise advisory and acquisition at Homie, posted on LinkedIn that he was between the one particular-third influenced but declined to remark on his getting let go. Homie was established in 2015, and according to its CEO and co-founder Johnny Hanna’s LinkedIn site, it most recently employed “over 270 people.” The company’s web site on LinkedIn demonstrates 311 employees. PitchBook implies 315 staff members as of 2021. Undertaking the math – if just one-third of the staff members was permit go, that could be anyplace from 90 to 105 affected people…
