Clear Capital Layoffs
October 2022
Clear Capital announced a layoff affecting 378 employees (27% of its workforce) in October 2022. The company operates in the Real Estate sector.
378
27%
Oct 14, 2022
About
Clear Capital, a real estate valuation technology company, laid off approximately 378 employees, representing 27% of its global workforce, in October 2022. The company, which had around 1,400 employees, primarily cut roles from its operational team. CEO Duane Andrews cited a restructuring to reduce expenses and adapt to a challenging housing market, driven by rising interest rates that significantly decreased customer volume in the mortgage industry. The layoffs followed a hiring freeze, with executives noting that anticipated work volume recovery did not materialize, making the cuts a last resort amid uncertain market conditions.
Related Events
More Real Estate Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl