Real EstateBR
Loft Layoffs
March 2020
Loft announced a layoff affecting 47 employees in March 2020. The company operates in the Real Estate sector.
People Affected
47
Announced Date
Mar 27, 2020
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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