Jennifer Epstein

@jeneps ↗

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Last Checked April 3, 2023

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Tue Sep 20 12:37:14 +0000 2022

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Jennifer Epstein @jeneps

Compass today announced layoffs it promised by Oct. “Today we reduced the size of some of our non agent-facing teams, focused on areas that do not impact your day-to-day experience,” Robert Reffkon says. Tech team still totals over 700 but was once more than double that. — PolitiTweet.org

Posted Sept. 20, 2022

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Jennifer Epstein @jeneps

Opendoor lost money on 42% of its home flips in August. It closed on one California house for $1.4m in March, re-listed it for $1.6m and then did price cuts every two weeks. It sold in August for $1.3m. Story from @pat_clark & @lizzie_kane17 https://t.co/5S9twhLfmn — PolitiTweet.org

Posted Sept. 19, 2022

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Jennifer Epstein @jeneps

This is the second round of layoffs for Compass since June. The company, which sold more $ worth of homes than any other brokerage in 2021, says it is working to cut costs to cope with the changing housing market and to eventually be profitable. https://t.co/LK0jhdD3c3 — PolitiTweet.org

Posted Sept. 20, 2022