Homie Layoffs
October 2022
Homie announced a layoff affecting 40 employees (13% of its workforce) in October 2022. The company operates in the Real Estate sector.
40
13%
Oct 4, 2022
About
Homie, a Utah-based flat-fee real estate brokerage startup, laid off 40 employees in early October 2022, representing about 13% of its remaining workforce. This followed a previous round of layoffs in February that cut 28% of staff. The company, which operates in several western states, is struggling with severe market turmoil, including soaring mortgage rates and early recession signs that have disrupted the housing industry. Co-founder and CEO Johnny Hanna departed his role amid these challenges, though he remains as board chairman, while fellow co-founder Mike Peregrina stepped up as CEO. Homie is among many proptech and brokerage firms facing significant cutbacks as the pandemic-driven real estate frenzy cools.
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