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Housing.com announces layoffs, shuts down rentals

  • Real estate listings
    platform Housing.com has announced its restructuring plan to focus purely on
    the home-buying segment, reported
    Gadgets360.
  •  
  • Housing.com said it
    will be reducing its employee base, and reorganising its teams to more

    • Real estate listings
      platform Housing.com has announced its restructuring plan to focus purely on
      the home-buying segment, reported
      Gadgets360.
    •  
    • Housing.com said it
      will be reducing its employee base, and reorganising its teams to more
      efficiently execute this new focused strategy, but did not divulge the extent
      of layoffs at the company.
    •  
    • According to Gadgets360’s sources, a definite number
      hasn’t been arrived at yet. In its most recent press statement, Housing.com had
      announced that they had 2,500 employees in 50 cities.
    •  
    • “Housing.com
      will now be laser focused on solving the pain points in home buying and
      selling, the largest real estate segment,” said Jason Kothari, Chief
      Executive Officer, in an emailed statement.
    •  
    • Housing.com said rentals
      and PG accomodations will be de-listed from its website and app, but doesn’t
      have a specific timeline for it.
    •  
    • Founded in 2012, Housing.com
      has raised over $100 million in VC funding from a clutch of investors.
    •  

     

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