RealPage, a real estate technology company based in Richardson, Texas, is laying off approximately 4% of its workforce, impacting at least 260 employees. The company, which employs over 6,500 people globally, announced the cuts in late June 2024 as part of a plan to refocus on innovation and accelerate business growth. This decision comes during a challenging period for RealPage, as it faces a major class-action lawsuit alleging its revenue management software was used to artificially inflate multifamily rents. While the company attributes the layoffs to strategic restructuring, the timing coincides with its ongoing legal battles over price-fixing allegations in the multifamily housing industry.
