Real EstateBR

Loft Layoffs

March 2020

Loft announced a layoff affecting 47 employees in March 2020. The company operates in the Real Estate sector.

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People Affected

47

Announced Date

Mar 27, 2020

Company Information

Industry
Real Estate
Country
BR
Region
Sao Paulo, Non-U.S.
Last Updated: Apr 18, 2026

About

Brazilian real estate startup Loft laid off approximately 380 employees in April 2022, representing about 12% of its workforce at the time. The company, which operates a digital platform for buying and selling residential properties, cited a strategic restructuring and a need to adapt to a shifting global economic landscape as reasons for the workforce reduction. This move was part of a broader trend of cost-cutting and operational adjustments within the tech and proptech sectors during that period.

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