{"id":3658,"date":"2022-11-09T19:18:51","date_gmt":"2022-11-09T19:18:51","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2022\/11\/09\/flyhomes-announces-another-round-of-staff-reductions\/"},"modified":"2025-03-13T02:47:57","modified_gmt":"2025-03-13T02:47:57","slug":"flyhomes-announces-another-round-of-staff-reductions","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2022\/11\/09\/flyhomes-announces-another-round-of-staff-reductions\/","title":{"rendered":"Flyhomes announces another round of staff reductions"},"content":{"rendered":"\n

As the housing market continues to slow, real estate firms looking to cut costs have undergone layoffs, and employees at venture capital-fueled firm Flyhomes<\/strong> are the latest victims.<\/p>\n\n\n\n

The real estate firm announced the layoffs on Wednesday in a LinkedIn post<\/a>.<\/p>\n\n\n\n

\u201cBuilding the world\u2019s best home buying and selling experience can only happen if we continue to adapt to the rapidly shifting market conditions, and take the necessary, albeit painful steps, to preserve capital through uncertain economic conditions to ensure the long term trajectory of the company,\u201d the post read. \u201cThe reality is, the housing sector is now in a recession, and the latest reports show that the market is expected to continue cooling for longer than anyone initially predicted.\u201d<\/p>\n\n\n\n

This is Flyhomes\u2019 second round of layoffs in the past four months. The Seattle-based company laid off 20% of its workforce<\/a> in mid-July.<\/p>\n\n\n\n

A spokesperson for the firm would not disclose the size or scope of the most recent round of layoffs.<\/p>\n\n\n\n

Through subsidiaries, which include\u00a0Flyhome Brokerage<\/strong>,\u00a0Flyhomes Mortgage<\/strong>\u00a0and\u00a0Flyhomes Closing<\/strong>, Flyhome claims to provide end-to-end home buying services. Founded in 2016, Flyhomes offers a cash offer program for homebuyers with a majority of its revenue coming from agent commissions.\u00a0<\/p>\n\n\n\n

Earlier this year, Flyhomes CEO and co-founder Tushar Garg told RealTrends<\/strong><\/a> that the future success of his company is guaranteed by the wide variety of services the firm offers.<\/p>\n\n\n\n

\u201cWe put people at the heart of the transaction,\u201d Garg told RealTrends in September. \u201cIt is one of the largest transactions in someone\u2019s life and we wanted to make it incredible for them, making each part of it better. We are not just a brokerage, or a mortgage company or a title firm. We are a consumer company helping customers be able to buy their homes the best way possible.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Real estate brokerage and lender Flyhomes announced a new round of layoffs on Wednesday, its second in the past four months.<\/p>\n","protected":false},"author":34740,"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":[1760],"class_list":["post-3658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nFlyhomes announces another round of staff reductions - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"As the housing market slows, brokerage and lender, Flyhomes looks to cut costs through its second round of layoffs since July.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2022\/11\/09\/flyhomes-announces-another-round-of-staff-reductions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flyhomes announces another round of staff reductions\" \/>\n<meta property=\"og:description\" content=\"As the housing market slows, brokerage and lender, Flyhomes looks to cut costs through its second round of layoffs since July.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2022\/11\/09\/flyhomes-announces-another-round-of-staff-reductions\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - 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