American City Business Journals
Re/Max to lay off 17% of its workforce
The cuts will primarily affect technology positions, according to the announcement. The layoffs are the result of the company’s “shift in strategy” to sunset its in-house technology platform in mid-2023 and instead partner with Inside Real Estate, which developed a cloud-based platform called kvCORE for real estate companies. According to company filings, Re/Max employs about 640 full-time employees, meaning the layoffs will affect approximately 120 workers.