Redfin Corp

NASDAQ:RDFN   9:58:52 AM EDT
9.34
-0.33 (-3.41%)
Layoffs, Earnings Announcements

Redfin Corp Says Asking About 8% Of Our Employees To Leave Redfin Today

Published: 06/14/2022 16:18 GMT
Redfin Corp (RDFN) - Redfin Corp - Asking About 8% of Our Employees to Leave Redfin Today.
Redfin Corp - Expect to Complete Workforce Reduction by the End of June 2022.
Redfin Corp - With May Demand 17% Below Expectations, We Don’t Have Enough Work for Our Agents and Support Staff.
Redfin Corp - Expect to Incur a Pre-tax Cash Charge for One-time Termination Benefits Between About $9.5 Million and $10.5 Million in Q2 2022.
Redfin Corp - Pay Departing Employees the Cost of Extending Our Healthcare Coverage for Three Months.
Redfin Corp - Could Be Facing Years, Not Months, of Fewer Home Sales.
Redfin Corp - Today’s Layoff is the Result of Shortfalls in Redfin’s Revenues.
Further Company Coverage: Rdfno ((reuters.
Briefs@thomsonreuters.
Com;)).
Revenue is expected to be $625.64 Million
Adjusted EPS is expected to be -$0.60

Next Quarter Revenue Guidance is expected to be $653.92 Million
Next Quarter EPS Guidance is expected to be -$0.28

More details on our Analysts Page.