compass - Tech News from Simmons Systems

Tech News from Simmons Systems

compass

A collection of 3 posts

Crypto and Real Estate Startups Lead Another Brutal Week of Tech Layoffs

Startups across crypto, real estate, and consumer tech face another devastating week of layoffs as economic conditions worsen. Major companies like Redfin, Compass, and Coinbase cut thousands of jobs amid plummeting cryptocurrency prices and rising mortgage rates.

Real Estate Startup Compass Lays Off 15 Employees Amid Projected Revenue Drop

Compass confirms a new round of layoffs affecting 15 staff members as the company braces for a 50% revenue decline over the next six months. Leadership shares the difficult news internally via email as the real estate market continues to shift.

Softbank-Backed Compass Lays Off 15% of Staff Amid Real Estate Downturn

Real estate startup Compass cuts 15% of its workforce and scales back its concierge business as the coronavirus pandemic causes a massive drop in home showings and revenue.