San Francisco, California-based HomeLight, an internet-based real estate lead generation and referral company, has announced a major reduction in force.
The reduction in force will impact 140+ employees or 19% of their workforce.
As per a company statement...
"Sadly, we have to share the news that, today, we’re reducing our headcount here at HomeLight.
An important part of bringing our vision of making real estate more simple, certain, and satisfying to life is scaling HomeLight in a financially responsible and sustainable way. Ensuring our runway and capital allows us to continue to operate independently, regardless of the environment or market around us.
To take care of those who are leaving, we looked across severance, healthcare, and job support — and did our best to treat everyone in a compassionate and thoughtful way. We know they’ll move mountains in other organizations, just as they have here at HomeLight.
HomeLight would not be the company it is today without you, just as we, as a team, will not be the same. Your impact will live on as we work tirelessly to make our shared vision of making real estate more simple, certain, and satisfying a reality for all."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?