Redfin is laying off 46 employees

Redfin started in 2025 with a layoff cycle. The Seattle-based company laid off 46 workers on Thursday.

In an emailed statement HousingWirea Redfin spokesperson noted that most of the affected employees were executives at the company’s headquarters, in program and field leadership roles. No agents have been contacted.

“We continue to recruit agents with violence,” the spokesperson wrote. “We’re always looking for ways to lean in to do more for customers.”

This is the fifth round of layoffs at Redfin since June 2022, when Redfin laid off 500 workers as the housing market began to change. It then cut another 862 positions in November 2022, partly due to the closure of its iBuying program. The brokerage recently laid off 82 employees in August 2024.

In the third quarter of 2024, Redfin reported revenue of $278 million, up 3% year over year. But the company reported a net loss of $33.8 million, up from a loss of $19 million in Q3 2023.

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