Orchard Layoffs
March 2023
Orchard announced a layoff affecting 0 employees in March 2023. The company operates in the Real Estate sector.
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Mar 2, 2023
About
Orchard, a real estate technology company, has laid off a number of employees due to a slow housing market recovery characterized by persistently high interest rates and low inventory. The company announced the layoffs as a necessary cost-cutting measure to ensure long-term stability and its ability to serve customers. While the exact number of affected employees was not specified in the initial post, a subsequent comment from the company provided a link to an opt-in list for impacted professionals across customer service, real estate, and tech roles. The layoffs are part of broader austerity efforts to navigate ongoing industry uncertainty.
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