Controversial Bay Area real estate unicorn lays off 20% of staff Gary Beasley - Bay Area HEAD TOPICS
Controversial Bay Area real estate unicorn lays off 20% of staff
10/22/2022 12:46:00 AM The company valued at nearly $2 billion did not specify whether employees will receive
Gary Beasley Bay Area
Source SFGATE
The company, valued at nearly $2 billion, did not specify whether employees will receive severance. The company valued at nearly $2 billion did not specify whether employees will receive , said Thursday that it would lay off 20% of its staff — days after the company announced that it conducted its first NFT sale of a single-family home.A spokesperson for the unicorn company told SFGATE Thursday that it conducted layoffs, but did not specify if employees will receive severance pay or health care benefits — an industry standard — or how many employees were affected. Roofstock’s business model is “remote real estate investing,” essentially letting people buy single-family properties in smaller, less expensive areas to rent out.“Like many, we have been closely monitoring the economic environment and are making appropriate adjustments to be responsive to current market conditions,” a spokesperson told SFGATE. “As a result, we made the difficult decision to let go of approximately 20% of our workforce.” Read more:
SFGATE » A Lehi company valued at $1.9 billion last year has laid off 200 workers, former manager says Tom Brady walks back comments comparing playing NFL football to military deployment Toll Brothers (TOL) buys land; Lou Malnati’s plans Tempe location - Phoenix Business Journal Topography contributes to increased air pollution in East and South Bay valleys Latto and Flo Milli See Stars in One Another
Two of 2022’s hottest MCs worked hard to prove themselves in the music industry — and now, they want to share the love and support Read more >> A Lehi company valued at $1.9 billion last year has laid off 200 workers, former manager saysThough MX was having financial challenges, a former manager said he disagrees that the downsizing was necessary. The manager chose to speak to The Tribune even though he said it “basically cost me $8,000 in severance.' Tom Brady walks back comments comparing playing NFL football to military deploymentThe quarterback addressed his controversial remarks during a Tampa Bay Buccaneers media press conference on Oct. 20. youblewitBrady Dead to me. It’s really easy to say something and then when you get slaughtered by the media you walk back. He has no clue and insulted the US military. Toll Brothers (TOL) buys land; Lou Malnati’s plans Tempe location - Phoenix Business JournalToll Brothers Inc. purchased 20 acres in Maricopa County to build more houses, plus more of the latest and biggest real estate deals from across the Valley. Topography contributes to increased air pollution in East and South Bay valleysThe Santa Clara Valley and Livermore Valley typically see higher levels of air pollution than the rest of the Bay Area , according to the Bay Area Air Quality Management District. Did Captain Obvious write this report? 49ers trade for former Stanford star running back Christian McCaffreyMcCaffrey returns to Bay Area , where he starred for Stanford from 2014-2016. Report: Christian McCaffrey traded to 49ersMcCaffrey is returning to the Bay Area . He's washed up we're good He's decent, but can he play defense? at nearly $2 billion , said Thursday that it would lay off 20% of its staff — days after the company announced that it conducted its first NFT sale of a single-family home.The company said it has reduced and reorganized to “better deliver on our mission.return to the Tampa Bay Buccaneers .Over in the West Valley, Mesquite Fresh Street Mex , a modern Mexican restaurant brand by family-owned AR Concepts, is planning to open a new location in Tolleson in mid-2023. A spokesperson for the unicorn company told SFGATE Thursday that it conducted layoffs, but did not specify if employees will receive severance pay or health care benefits — an industry standard — or how many employees were affected. Roofstock’s business model is “remote real estate investing,” essentially letting people buy single-family properties in smaller, less expensive areas to rent out. 19, 2022. “Like many, we have been closely monitoring the economic environment and are making appropriate adjustments to be responsive to current market conditions,” a spokesperson told SFGATE. But it’s not now. “As a result, we made the difficult decision to let go of approximately 20% of our workforce. Oct.” The business model is arguably a contentious one, especially as home ownership becomes less accessible in part due to investors buying up homes to rent out. GPS Commercial Advisors in partnership with Geyser Management are the developers. A from July found that a quarter of homes sold in 2021 were bought by investors.m. I’m coming back for my 23rd season in Tampa. MOST VIEWED ON SFGATE .