Luxury Presence Layoffs

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Luxury Presence, a real estate marketing software company, laid off 44 employees, representing 7 percent of its workforce, in mid-January 2023. Founder and CEO Malte Kramer attributed the layoffs to a worsening economic environment and a significant slowdown in the real estate market, despite the company having experienced rapid growth and record months in 2022. The firm, which provides high-end web marketing solutions for top agents and brokerages, had expanded sixfold since 2020 and raised substantial venture capital. Kramer expressed regret and took responsibility for the decision, noting the company is offering severance to affected staff.

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