South Jordan, Utah-based Homie, an operator of a peer-to-peer marketplace for real estate-related services, has announced a major reduction in force affecting 28% of its existing staff.
CEO and Co-Founder Johnny Hanna Homie noted that the staff reductions impacted 119 employees across the company’s operations in Utah, Arizona, Colorado, Idaho, and Nevada.
According to a company statement, We made the difficult decision to reduce the size of our company based on the impacts of the changing real estate market. It was the hardest decision we have ever had to make. Each and every one of these talented individuals is not just our co-workers; they are our friends. Those affected are some of the most skilled, committed, and incredible professionals and people. Their contributions have shaped Homie’s culture and products and made it possible for us to help thousands of customers across multiple markets. We are doing all we can to support each and every homie while they transition to the next chapter of their careers.
This reduction will not impact our ability to serve our clients in Utah, Arizona, Nevada, Colorado, and Idaho. Limited housing inventory has also created a challenging real estate market for home buyers; driving up prices and making homeownership less and less accessible. We are now refocusing on helping solve this problem by making buying a home possible for more people. Those leaving today have helped to build the products to make this a reality. They will be greatly missed."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?