The American online real estate services company / Oben of the role of technologies / its intention to dispense with about 550 employees after the decline in the demand for real estate in the United States as a result of the high interest rates on real estate financing.
According to the Bloomberg News Agency, the people who will be let go make up around 18% of the company’s whole workforce.
Following a sharp decrease in real estate values on the American market, which forced them to sell homes for less than they purchased, it was decided to limit the number of positions.
According to Bloomberg, similar businesses including Zilo Group, Kumbas, and Redvin Corp. have laid off a number of staff recently.
According to Eric Wu, the company’s CEO, “we are actually going through the most challenging real estate in the real estate markets in 40 years, and we need to change our business model” to reflect the new reality.
“In order to move in a turbulent market, we had to work quickly during the past two chapters to reduce our operating expenses,” he added.
It is noteworthy that the Ophan role is based in San Francisco, the American city of San Francisco, buying and selling residential properties, and offers financing offers to buy homes through the Internet through the Internet, as well as maintaining the real estate that you purchase and reselling them.
18% of its functions are eliminated by American technologies.
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