McMakler Layoffs
October 2022
McMakler announced a layoff affecting 100 employees in October 2022. The company operates in the Real Estate sector.
100
Oct 24, 2022
About
McMakler, a Berlin-based real estate platform and proptech startup, conducted another mass layoff in late October 2022, affecting over 100 employees. This follows a previous round of dismissals just a few months earlier in July. The company, which had nearly 1,000 employees, cited the turbulent economic environment and a rapidly changing real estate market—driven by rising interest rates and construction costs—as reasons for the restructuring. The layoffs impacted nearly all departments, except HR and Business Development, as McMakler aimed to position itself more robustly during a difficult market phase. This second round of cuts within months highlights ongoing instability in the proptech industry amid broader real estate sector challenges.
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