{"id":2939,"date":"2022-03-16T10:16:53","date_gmt":"2022-03-16T10:16:53","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2022\/03\/16\/knock-raises-220m-lays-off-46-of-workforce\/"},"modified":"2025-03-13T02:40:56","modified_gmt":"2025-03-13T02:40:56","slug":"knock-raises-220m-lays-off-46-of-workforce","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2022\/03\/16\/knock-raises-220m-lays-off-46-of-workforce\/","title":{"rendered":"Knock raises $220M, lays off 46% of workforce"},"content":{"rendered":"\n
\"2022
Layoffs, layoff, fired<\/figcaption><\/figure>\n\n\n\n

Knock<\/strong> CEO Sean Black<\/a> has a lot on his mind including \u201cthe difficult decision to part ways with many of our beloved Knockstars.\u201d<\/p>\n\n\n\n

Knock, a New York City-based company that makes cash offers on behalf of prospective homebuyers, announced Tuesday that it is laying off 46% of its workforce.<\/p>\n\n\n\n

Knock did not say exactly how many employees will be laid off. But a source close to the company said that Knock had approximately 250 employees prior to the pink slips workers learned of this week. \u00a0<\/p>\n\n\n\n

Inman News first reported on the layoffs<\/a>, which were initially referenced in a colorful and revealing 1,700-word blog post<\/a> complete with photos, tables, charts, and graphs on Black\u2019s personal website. The founder of the eight-year-old company and Trulia<\/strong> co-founder devotes an intro and eight sections to other subjects before a penultimate section titled, \u201cPeople first.\u201d<\/p>\n\n\n\n

The layoffs are throughout various company divisions, Knock said. <<<Article continued on HousingWire.com.<\/a><\/p>\n\n\n\n

This article was originally published by HousingWire. The\u00a0full article is available<\/a>\u00a0on HousingWire.com for HW+ Members.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Knock, which makes cash offers on behalf of prospective homebuyers, announced Tuesday that it is laying off 46% of its workforce. It also announced a $220 million capital raise.<\/p>\n","protected":false},"author":16592,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[736],"class_list":["post-2939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nKnock raises $220M, lays off 46% of workforce - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"Knock announced Tuesday that it is laying off 46% of its workforce. 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