Redfin reduces workforce by 41 percent, expects to pay millions in layoff severance

Redfin Corp. plans to lay off 7 percent of its employees in April, company leaders decided Sunday. The Seattle technology-driven real estate brokerage expects to incur between $2.9 and $3.3 million in severance and other costs related to the layoffs. Redfin will also furlough about 34 percent of its staff until Sept. 1. According to the Puget Sound Business Journal's most recent analysis, the workforce reduction will affect about 1,200 people across the country. Redfin has four offices in Florida,…Original Article