HomeLight – San Francisco-based Real estate outfit has decided to let go of 19% Workforce as reported by RealTrends, just days after announcing a recent funding round of $115mn.
HomeLight will be letting go of 140+ Employees based on their total headcount as per the company’s Linkedin page. The company had made this announcement official on their LinkedIn this afternoon, but did not mention about the layoffs count.
Statement from the company
Sadly, we have to share the news that, today, we’re reducing our headcount here at HomeLight.
An important part of bringing our vision of making real estate more simple, certain, and satisfying to life is scaling HomeLight in a financially responsible and sustainable way. Ensuring our runway and capital allows us to continue to operate independently, regardless of the environment or market around us.
To take care of those who are leaving, we looked across severance, healthcare, and job support — and did our best to treat everyone in a compassionate and thoughtful way. We know they’ll move mountains in other organizations, just as they have here at HomeLight.
HomeLight would not be the company it is today without you, just as we, as a team, will not be the same. Your impact will live on as we work tirelessly to make our shared vision of making real estate more simple, certain, and satisfying a reality for all.