McMakler Layoffs
May 2023
McMakler announced a layoff affecting 60 employees in May 2023. The company operates in the Real Estate sector.
60
May 31, 2023
About
Berlin-based real estate startup McMakler has laid off 60 employees, representing about 8% of its workforce, as it faces what its CEO calls the worst property crisis in 50 years. This marks the third round of layoffs in less than a year for the company, following over 200 job cuts in 2022. The firm, founded in 2015, cites a severe downturn in the housing market, with rising interest rates and construction costs slashing demand and transactions. CEO Felix Jahn notes a 23-25% drop in homes sold via its platform in early 2023 and expects revenue to fall significantly this year, though he still aims for monthly profitability in the second half.
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