Loft Lays off 12% Workforce in second round – 380 Employees

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Loft, the Brazilian real estate tech unicorn has laid off 12% of Workforce in its second round of layoff in three months.

Around 380 employees have been let go in the fresh round of layoffs, after the initial round of layoffs that happened in April of this year laying of 159 Employees. The company has a total headcount of 3,200 employees currently.

Loft appreciates the dedication of the employees who have left the company, is committed to help them in whatever is possible to relocate to the market and regrets the loss of these professionals. The reduction in staff is in addition to other measures to increase efficiency taken in recent months after four years of aggressive and consistent growth, both through organically developed products and through acquisitions. With these measures, the Loft Group adjusts to the new global reality, taking important steps to support the continuation of the current pace of strong growth in its business, offering innovative products to clients, including real estate agents and brokers throughout the country.

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