Homie Layoffs
February 2022
Homie announced a layoff affecting 119 employees (29% of its workforce) in February 2022. The company operates in the Real Estate sector.
119
29%
Feb 14, 2022
About
In February 2022, Utah-based real estate technology startup Homie conducted companywide layoffs, reducing its workforce by 28%, which impacted 119 employees across its operations in several western states. The cuts were a response to a roiled real estate market characterized by record low housing inventories and intense competition, making 2021 and early 2022 exceptionally challenging for buyers and sellers. CEO Johnny Hanna described the decision as extremely difficult, citing unprecedented market conditions that forced the company to make critical operational changes to navigate the downturn.
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