Title: Redfin lays off 7% of staff, furloughs hundreds of agents due to COVID-19 impact on housing demand URL Source: https://www.geekwire.com/2020/redfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand/ Published Time: 2020-04-07T16:06:25+00:00 Markdown Content: We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking “Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Decline Accept Toggle search box [![Image 2: GeekWire Logo](https://www.geekwire.com/wp-content/themes/geekwire/dist/images/geekwire-nav-logo.png)](https://www.geekwire.com/) ##### Menu * [Home](https://www.geekwire.com/) * [News](https://www.geekwire.com/2020/redfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand/#) * [Amazon](https://www.geekwire.com/amazon/) * [Artificial Intelligence sponsored by the University of Washington](https://www.geekwire.com/ai/) * [Civic](https://www.geekwire.com/civic/) * [Geek Life](https://www.geekwire.com/geeklife/) * [Health/Life Sciences](https://www.geekwire.com/health/) * [Microsoft](https://www.geekwire.com/microsoft/) * [Podcasts](https://www.geekwire.com/podcast/) * [Space](https://www.geekwire.com/space/) * [Startups sponsored by Google for Startups](https://www.geekwire.com/startups/) * [Sustainability sponsored by Amazon Sustainability](https://www.geekwire.com/sustainability/) * [Tech Moves presented by GeekWork Recruiting](https://www.geekwire.com/tech-moves/) * [Agents of Transformation presented by Accenture](https://www.geekwire.com/special-coverage/agents-of-transformation/) * [GeekWork](https://www.geekwire.com/2020/redfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand/#) * [GeekWork Recruiting](https://www.geekwire.com/geekwork/) * [Job Board](https://www.geekwire.com/jobs/) * [Events](https://www.geekwire.com/2020/redfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand/#) * [Community Calendar](https://www.geekwire.com/calendar/) * [GeekWire Events](https://www.geekwire.com/events-2/) * [Lists](https://www.geekwire.com/2020/redfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand/#) * [Amazon Office Buildings](https://www.geekwire.com/amazon-office-buildings/) * [GeekWire 200](https://www.geekwire.com/geekwire-200/) * [GeekWire Startup List presented by ALLtech](https://www.geekwire.com/startup-list/) * [GeekWire Startup Resources](https://www.geekwire.com/startup-resources/) * [GeekWire Startup Spaces](https://www.geekwire.com/startup-spaces/) * [Layoff Tracker](https://www.geekwire.com/layoff-tracker-2022/) * [M&As and IPOs](https://www.geekwire.com/recent-deals/) * [Northwest Women VC & Angel Investor List](https://www.geekwire.com/2022/the-women-writing-checks-a-list-of-female-venture-capitalists-in-the-pacific-northwest/) * [Recent Fundings](https://www.geekwire.com/fundings/) * [Seattle Engineering Outposts](https://www.geekwire.com/engineering-centers/) * [Venture Capital Directory](https://www.geekwire.com/venture-capital/) * [Members](https://www.geekwire.com/2020/redfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand/#) * [Health Benefits](https://www.geekwire.com/health-benefits/) * [Memberships](https://www.geekwire.com/memberships/) * [Studios](https://www.geekwire.com/2020/redfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand/#) * [GeekWire Studios: Let Us Tell Your Story](https://www.geekwire.com/geekwire-studios/) * [AI Breakthrough Awards presented by UiPath](https://www.geekwire.com/uipath-awards/) * [AI Innovators Spotlight Studio 2026 presented by AWS Marketplace](https://www.geekwire.com/aot-interviews-2026/) * [Nebius at NVIDIA GTC 2026](https://www.geekwire.com/nebius/) * [Acumatica Summit 2026](https://www.geekwire.com/acumatica-summit-2026/) * [BMC Control Freaks Unite presented by BMC](https://www.geekwire.com/bmc-control-freaks-unite-2025/) * [AI Predictions Series 2026 presented by Unify Consulting](https://www.geekwire.com/unify-ai-predictions-2026/) * [Guide to re:Invent 2025 sponsored by AWS](https://www.geekwire.com/guide-to-reinvent/) * [Remitly Reimagine 2025 sponsored by Remitly](https://www.geekwire.com/remitly-reimagine/) * [Does Compute presented by Carnegie Mellon University](https://www.geekwire.com/does-compute/) * [AWS Marketplace Seller Conference 2025 sponsored by AWS](https://www.geekwire.com/aws-marketplace-2025/) * [ShopTalk 2025 powered by Amazon Ads](https://www.geekwire.com/amazon-ads/) * [Innovate State](https://www.geekwire.com/innovate-state/) * [Money Hacks presented by BECU](https://www.geekwire.com/becu/) * [AWS Summit: New York Partner Spotlights sponsored by AWS](https://www.geekwire.com/aws-summit-new-york-partner-spotlights/) * [About](https://www.geekwire.com/2020/redfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand/#) * [About GeekWire](https://www.geekwire.com/about-geekwire/) * [Advertise](https://www.geekwire.com/advertise/) * [Contact Us](https://www.geekwire.com/contact-us/) * [Email Newsletters](https://www.geekwire.com/newsletters/) * [Reprints & Permissions](http://geekwirereprints.magreprints.com/) * [Podcast](https://www.geekwire.com/podcast/) * [LinkedIn](https://www.linkedin.com/company/geekwire/) * [Newsletter](https://www.geekwire.com/newsletters/) * [News Tips](https://www.geekwire.com/tips/) Toggle search box Search for: Search [What happens here matters everywhere.](https://www.geekwire.com/about-geekwire/) * [Podcast](https://www.geekwire.com/podcast/) * [LinkedIn](https://www.linkedin.com/company/geekwire/) * [Newsletter](https://www.geekwire.com/newsletters/) * [News Tips](https://www.geekwire.com/tips/) * [Amazon](https://www.geekwire.com/amazon/) * [Microsoft](https://www.geekwire.com/microsoft/) * [Startups](https://www.geekwire.com/startups/) * [AI](https://www.geekwire.com/ai/) * [Science](https://www.geekwire.com/science/) * [Tech Moves](https://www.geekwire.com/tech-moves/) * [Sustainability](https://www.geekwire.com/sustainability/) * [Civic](https://www.geekwire.com/civic/) * [Geek Life](https://www.geekwire.com/geeklife/) # Redfin lays off 7% of staff, furloughs hundreds of agents due to COVID-19 impact on housing demand Ongoing coverage of COVID-19, and its impact on Seattle and the technology industry. **[See all of GeekWire’s special coverage.](https://www.geekwire.com/special-coverage/coronavirus-outbreak/)** **by [Taylor Soper](https://www.geekwire.com/author/taylor-soper/ "Posts by Taylor Soper")** on Apr 7, 2020 at 9:06 am April 7, 2020 at 9:09 am Share * [Facebook](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F) * [X (Twitter)](https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F&via=GeekWire&text=Redfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand&related=Taylor_Soper%3AAuthor) * [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F&title=Redfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand&summary=Redfin%20will%20cut%207%25%20of%20its%20staff%20and%20furlough%20hundreds%20of%20agents%20due%20to%20decreased%20housing%20demand%20amid%20the%20COVID-19%E2%80%A6%20%3Ca%20href%3D%22https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F%22%3ERead%20More%3C%2Fa%3E&source=GeekWire) * [Email](mailto:?subject=Redfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand&body=Article%20from%20GeekWire:%0D%0A%0D%0ARedfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand%0D%0A%0D%0Ahttps%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F%0D%0A) ![Image 3](https://cdn.geekwire.com/wp-content/uploads/2019/05/DSC09408.jpg-630x313.jpg) (GeekWire Photo / Nat Levy) Redfin will cut 7% of its staff and furlough hundreds of agents due to decreased housing demand amid the COVID-19 crisis. The Seattle real estate giant will slash 41% of its field agent workforce, with a majority furloughed until Sept. 1, and the remaining laid off, Redfin CEO Glenn Kelman [announced Tuesday](https://www.redfin.com/blog/redfin-furlough/). #### Coronavirus Live Updates:[The latest COVID-19 developments in Seattle and the world of tech](https://www.geekwire.com/2020/coronavirus-live-updates-seattle-tech-community-grappling-covid-19/) The company is also making small cuts at its headquarters in Seattle, while temporarily slashing all salaries by 10-to-15% and canceling bonuses for the remainder of this year. It previously halted bonuses for just the first half of 2020. Redfin had 3,377 total employees as of Dec. 31, and employed more than 1,500 lead agents. Kelman said the company opted for a large-scale furlough in part because most agents will be able to earn more from unemployment insurance than from Redfin. “We still have had to furlough people today because of a downturn, but it wasn’t because we didn’t try to trade growth for job security,” he wrote. “Every year, we’ve hired about 25% fewer agents than could be supported by the demand from Redfin.com, so that even if demand fell 25%, our workforce would still be at 100% productivity. Now housing demand is down much more than that.” The company [expects to incur](https://www.sec.gov/ix?doc=/Archives/edgar/data/1382821/000138282120000076/form8-kplanofterminati.htm) a pre-tax charge of $2.9 million to $3.3 million related to termination benefits. Redfin said it is still committed to temporarily increasing the fixed portion of agent pay, [as it announced last month](https://www.geekwire.com/2020/redfins-coronavirus-response-ceo-forgoes-salary-2020-agent-base-pay-increases/), given that compensation is taking a hit due to reduced home-buying and selling activity. Kelman also said last month that he will not take salary for the rest of 2020. In his blog post today, Kelman said Redfin’s long-term outlook is strong in part due to its technology such as video tours and 3D scans that he predicts will be used more after this crisis. “The pandemic will end,” he wrote. “Redfin, and our whole-hearted but still imperfect efforts to care for our employees, will endure. To those who have been asked to leave Redfin today, thank you. I can’t imagine the grief we’ve caused you. I’m sorry we let you down. We’ll fight like wild animals to bring everyone on furlough back.” More homeowners are taking properties off the market; new listings are down; pending home sales are down; and in-person home tours are slowing due to the COVID-19 crisis,[Redfin reported last week](https://www.redfin.com/blog/coronavirus-housing-market-impact/). On March 30, Redfin [sold $110 million of stock](http://investors.redfin.com/news-releases/news-release-details/durable-capital-partners-lp-invest-110-million-redfin)to Durable Capital Partners, a year-old investment firm led by[Henry Ellenbogen](https://www.linkedin.com/in/henry-ellenbogen-b480a036/), a longtime Redfin backer. Redfin’s revenue [grew 88 percent](https://www.geekwire.com/2020/redfin-stock-rises-5-real-estate-giant-posts-233-million-q4-revenue-88/) year-over-year to $233 million in Q4, while net loss per share was $0.08, down from -$0.14 in the year-ago quarter. The company is active in more than 90 markets across the U.S. and Canada. Redfin rival Zillow Group[outlined its own coronavirus playbook last month](https://www.geekwire.com/2020/rich-barton-lays-zillows-coronavirus-playbook-freeze-hiring-cut-expenses-pause-home-buying/), noting that it will slash expenses by 25% this year, freeze hiring across the company, cut nearly all marketing spend, and[suspend home-buying through its Zillow Offers business](https://www.geekwire.com/2020/zillow-suspends-home-buying-efforts-zillow-offers-amid-real-estate-uncertainty/). Redfin has also paused its own home-buying business, RedfinNow. #### More: [Coronavirus Outbreak](https://www.geekwire.com/special-coverage/coronavirus-outbreak/) [![Image 4](https://secure.gravatar.com/avatar/aaff8259e9d72f157e8a4c56522486fca41924611b11334148f0b5268b3dd8cf?s=64&d=mm&r=g)](https://www.geekwire.com/author/taylor-soper/) _**Taylor Soper** worked at GeekWire for more than 13 years as reporter, managing editor and editor, reporting on Seattle-area startups, Microsoft, Amazon, and the regional technology and investing scene. A native of Portland, Ore., and graduate of the University of Washington, he is now Director of AI House at AI2 Incubator. Follow him on [LinkedIn](https://www.linkedin.com/in/taylorsoper/)._ Share * [Facebook](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F) * [X (Twitter)](https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F&via=GeekWire&text=Redfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand&related=Taylor_Soper%3AAuthor) * [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F&title=Redfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand&summary=Redfin%20will%20cut%207%25%20of%20its%20staff%20and%20furlough%20hundreds%20of%20agents%20due%20to%20decreased%20housing%20demand%20amid%20the%20COVID-19%E2%80%A6%20%3Ca%20href%3D%22https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F%22%3ERead%20More%3C%2Fa%3E&source=GeekWire) * [Email](mailto:?subject=Redfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand&body=Article%20from%20GeekWire:%0D%0A%0D%0ARedfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand%0D%0A%0D%0Ahttps%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F%0D%0A) * ###### [Previous Story Blaze Bioscience gets Fast Track approval from FDA for ‘Tumor Paint’ that helps remove brain tumors](https://www.geekwire.com/2020/blaze-bioscience-gets-fast-track-approval-fda-tumor-paint-helps-remove-brain-tumors/) * ###### [Next Story Microsoft will expand xCloud to Europe but takes ‘measured approach’ to conserve internet access](https://www.geekwire.com/2020/microsoft-will-expand-xcloud-europe-takes-measured-approach-conserve-internet-access/) Filed Under: [Tech](https://www.geekwire.com/technology/) Tagged With: [layoffs](https://www.geekwire.com/tag/layoffs/) • [Real Estate](https://www.geekwire.com/tag/real-estate/) • [Redfin](https://www.geekwire.com/tag/redfin/) ### Latest Stories * [Seahawks partner with Accenture to revamp team’s tech capabilities and boost fan engagement](https://www.geekwire.com/2026/seahawks-partner-with-accenture-to-revamp-teams-tech-capabilities-and-boost-fan-engagement/) * [‘Magic: The Gathering – Arena’ development team announces it’s successfully unionized](https://www.geekwire.com/2026/magic-the-gathering-arena-development-team-announces-its-successfully-unionized/) * [Glenn Kelman’s next gig: Former Redfin CEO joins venture firm Greylock as executive in residence](https://www.geekwire.com/2026/glenn-kelmans-next-gig-former-redfin-ceo-joins-venture-firm-greylock-as-executive-in-residence/) * [Transcript: Here’s what Bill Gates told lawmakers in his recent Epstein testimony](https://www.geekwire.com/2026/transcript-heres-what-bill-gates-told-lawmakers-in-his-recent-epstein-testimony/) * [Syndio bets on agentic AI with first acquisition in Seattle pay equity startup’s history](https://www.geekwire.com/2026/syndio-bets-on-agentic-ai-with-first-acquisition-in-seattle-pay-equity-startups-history/) * [General Fusion announces first steps to deploying its clean energy in Italy as tech uncertainty remains](https://www.geekwire.com/2026/general-fusion-announces-first-steps-to-deploying-its-clean-energy-in-italy-as-tech-uncertainty-remains/) * [‘Digit’ maker Agility Robotics to go public in $2.5B deal — here’s what the filings say about its finances](https://www.geekwire.com/2026/digit-maker-agility-robotics-to-go-public-in-2-5b-deal-heres-what-the-filings-say-about-its-finances/) * [Microsoft says its data centers use 90% less water than its earliest facilities as public concern grows](https://www.geekwire.com/2026/microsoft-says-its-data-centers-use-90-less-water-than-its-earliest-facilities-as-public-concern-grows/) * [Moment of ‘Zen’: Another billionaire’s superyacht turns heads in Seattle](https://www.geekwire.com/2026/moment-of-zen-another-billionaires-superyacht-turns-heads-in-seattle/) * [Seattle-area young entrepreneurs capture third-straight win in global TiE startup pitch contest](https://www.geekwire.com/2026/seattle-area-young-entrepreneurs-capture-third-straight-win-in-global-tie-startup-pitch-contest/) [Read All Stories](https://www.geekwire.com/all/) ### GeekWire Newsletters Subscribe to GeekWire's free newsletters to catch every headline Email address Subscribe - [x] **GeekWire Daily** - Top headlines daily - [x] **GeekWire Weekly** - Most-read stories of the week, delivered Sunday - [x] **Breaking News Alerts** - Important news as it happens - [x] **GeekWire Startups** - News, analysis, insights from the Pacific Northwest startup ecosystem, delivered Friday - [x] **GeekWire Mid-week Update** — Most-read stories so far this week, delivered Wednesday - [x] **GeekWire Partner Content** — Special offers and sponsored content from GeekWire partners ### Send Us a Tip Have a scoop that you'd like GeekWire to cover? Let us know. [Send Us a Tip](https://www.geekwire.com/tips/) ### Related Stories [![Image 5](https://cdn.geekwire.com/wp-content/uploads/2020/06/redfinhouse-300x225.jpg)](https://www.geekwire.com/2025/redfin-to-be-acquired-by-rocket-companies-in-1-75b-deal/) **[Redfin to be acquired by Rocket Companies in $1.75B deal](https://www.geekwire.com/2025/redfin-to-be-acquired-by-rocket-companies-in-1-75b-deal/)** [![Image 6](https://cdn.geekwire.com/wp-content/uploads/2023/09/Glenn-Kelman-300x300-1.jpeg)](https://www.geekwire.com/2025/redfin-ceo-says-employees-and-agents-over-the-moon-about-rockets-vision-for-seattle-company/) **[Redfin CEO says employees and agents ‘over the moon’ about Rocket’s vision for Seattle company](https://www.geekwire.com/2025/redfin-ceo-says-employees-and-agents-over-the-moon-about-rockets-vision-for-seattle-company/)** [![Image 7](https://cdn.geekwire.com/wp-content/uploads/2023/09/Glenn-Kelman-300x300-1.jpeg)](https://www.geekwire.com/2025/redfin-ceo-addresses-painful-restructuring-stock-dips-11-after-q4-earnings-miss-expectations/) **[Redfin CEO addresses ‘painful’ restructuring; stock dips 11% after Q4 earnings miss expectations](https://www.geekwire.com/2025/redfin-ceo-addresses-painful-restructuring-stock-dips-11-after-q4-earnings-miss-expectations/)** [![Image 8](https://cdn.geekwire.com/wp-content/uploads/2019/05/DSC09408.jpg-300x149.jpg)](https://www.geekwire.com/2025/redfin-lays-off-46-employees-in-latest-cuts-at-seattle-real-estate-company/) **[Redfin lays off 46 employees in latest cuts at Seattle real estate company](https://www.geekwire.com/2025/redfin-lays-off-46-employees-in-latest-cuts-at-seattle-real-estate-company/)** * ###### [Previous Story Blaze Bioscience gets Fast Track approval from FDA for ‘Tumor Paint’ that helps remove brain tumors](https://www.geekwire.com/2020/blaze-bioscience-gets-fast-track-approval-fda-tumor-paint-helps-remove-brain-tumors/) * ###### [Next Story Microsoft will expand xCloud to Europe but takes ‘measured approach’ to conserve internet access](https://www.geekwire.com/2020/microsoft-will-expand-xcloud-europe-takes-measured-approach-conserve-internet-access/) ### Most Popular on GeekWire * [![Image 9](https://cdn.geekwire.com/wp-content/uploads/2021/08/ExecPhotoShoot_RF_GLENN_KELMAN_284-final-300x200.jpg)](https://www.geekwire.com/2026/glenn-kelmans-next-gig-former-redfin-ceo-joins-venture-firm-greylock-as-executive-in-residence/) **[Glenn Kelman’s next gig: Former Redfin CEO joins venture firm Greylock as executive in residence](https://www.geekwire.com/2026/glenn-kelmans-next-gig-former-redfin-ceo-joins-venture-firm-greylock-as-executive-in-residence/)** * [![Image 10](https://cdn.geekwire.com/wp-content/uploads/2026/05/lumen-300x203.jpg)](https://www.geekwire.com/2026/seahawks-partner-with-accenture-to-revamp-teams-tech-capabilities-and-boost-fan-engagement/) **[Seahawks partner with Accenture to revamp team’s tech capabilities and boost fan engagement](https://www.geekwire.com/2026/seahawks-partner-with-accenture-to-revamp-teams-tech-capabilities-and-boost-fan-engagement/)** * [![Image 11: magic: the gathering arena wizards of the coast](https://cdn.geekwire.com/wp-content/uploads/2018/12/Image4_Selesnya-300x169.jpg)](https://www.geekwire.com/2026/magic-the-gathering-arena-development-team-announces-its-successfully-unionized/) **[‘Magic: The Gathering – Arena’ development team announces it’s successfully unionized](https://www.geekwire.com/2026/magic-the-gathering-arena-development-team-announces-its-successfully-unionized/)** * [![Image 12](https://cdn.geekwire.com/wp-content/uploads/2020/02/bill-gates-aaas-5-300x199.jpg)](https://www.geekwire.com/2026/transcript-heres-what-bill-gates-told-lawmakers-in-his-recent-epstein-testimony/) **[Transcript: Here’s what Bill Gates told lawmakers in his recent Epstein testimony](https://www.geekwire.com/2026/transcript-heres-what-bill-gates-told-lawmakers-in-his-recent-epstein-testimony/)** ### Job Listings on GeekWork [![Image 13](https://cdn.geekwire.com/wp-content/uploads/sites/2/2023/03/INRIX_Logo-300x157.jpg)](https://www.geekwire.com/jobs/job/inrix-bellevue-wa-2-sales-operation-coordinator/) **[Sales Operation Coordinator](https://www.geekwire.com/jobs/job/inrix-bellevue-wa-2-sales-operation-coordinator/)** INRIX [![Image 14](https://cdn.geekwire.com/wp-content/uploads/sites/2/2023/03/INRIX_Logo-300x157.jpg)](https://www.geekwire.com/jobs/job/inrix-2-account-executive-public-sector-sales/) **[Account Executive, Public Sector Sales](https://www.geekwire.com/jobs/job/inrix-2-account-executive-public-sector-sales/)** INRIX [![Image 15](https://cdn.geekwire.com/wp-content/uploads/sites/2/2023/03/INRIX_Logo-300x157.jpg)](https://www.geekwire.com/jobs/job/inrix-bellevue-wa-2-senior-software-engineer-backend-data-platforms/) **[Senior Software Engineer (Backend/Data Platforms)](https://www.geekwire.com/jobs/job/inrix-bellevue-wa-2-senior-software-engineer-backend-data-platforms/)** INRIX Find more jobs on [GeekWork](https://www.geekwire.com/jobs/). Employers, [post a job here](https://www.geekwire.com/jobs/pricing/). [](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F)[](https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F&via=GeekWire&text=Redfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand&related=Taylor_Soper%3AAuthor)[](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F&title=Redfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand&summary=Redfin%20will%20cut%207%25%20of%20its%20staff%20and%20furlough%20hundreds%20of%20agents%20due%20to%20decreased%20housing%20demand%20amid%20the%20COVID-19%E2%80%A6%20%3Ca%20href%3D%22https%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F%22%3ERead%20More%3C%2Fa%3E&source=GeekWire)[](mailto:?subject=Redfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand&body=Article%20from%20GeekWire:%0D%0A%0D%0ARedfin%20lays%20off%207%25%20of%20staff%2C%20furloughs%20hundreds%20of%20agents%20due%20to%20COVID-19%20impact%20on%20housing%20demand%0D%0A%0D%0Ahttps%3A%2F%2Fwww.geekwire.com%2F2020%2Fredfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand%2F%0D%0A) ### A Word From Our Sponsors [![Image 16](https://cdn.geekwire.com/wp-content/uploads/2026/06/jpmorgan_cybertrends_225x225-200x200.jpg)](https://www.geekwire.com/sponsor-post/fortifying-the-enterprise-10-actions-to-take-now-for-ai-ready-cyber-resilience/) **Fortifying the enterprise: 10 actions to take now for AI-ready cyber resilience**[Read More](https://www.geekwire.com/sponsor-post/fortifying-the-enterprise-10-actions-to-take-now-for-ai-ready-cyber-resilience/) [![Image 17](https://cdn.geekwire.com/wp-content/uploads/2026/06/AMZ_FY26Q2_Energy_GEEKWIRE_Newsletter_Thumbnail_V1_225x225-200x200.jpg)](https://sustainability.aboutamazon.com/stories/spotlight-on-energy?utm_source=geekwire&utm_medium=paid-newsletter&utm_campaign=fy26q2-amazon-sustainability-paid&utm_content=energy-solar) **Carbon-free energy at scale**[Learn about our approach to carbon-free energy.](https://sustainability.aboutamazon.com/stories/spotlight-on-energy?utm_source=geekwire&utm_medium=paid-newsletter&utm_campaign=fy26q2-amazon-sustainability-paid&utm_content=energy-solar) [![Image 18](https://cdn.geekwire.com/wp-content/uploads/2026/02/RMA_HealthierLandingPage_225x225-200x200.jpg)](https://www.washington.edu/research-makes-america/research-makes-america-healthier/?utm_source=geekwire&utm_medium=enewsletter&utm_campaign=paid_uow_brand_rma&utm_content=rma) **UW research saves lives and makes America healthier**[Learn how you can help.](https://www.washington.edu/research-makes-america/research-makes-america-healthier/?utm_source=geekwire&utm_medium=enewsletter&utm_campaign=paid_uow_brand_rma&utm_content=rma) [![Image 19](https://cdn.geekwire.com/wp-content/uploads/2026/04/AMZ_FY26Q1_Water_Solutions_GEEKWIRE_Newsletter_Thumbnail_225x225-200x200.png)](https://sustainability.aboutamazon.com/stories/spotlight-on-water?utm_source=geekwire&utm_medium=paid-newsletter&utm_campaign=fy26q2-amazon-sustainability-paid&utm_term=publisher-readership&utm_content=water-newsletter) **Water solutions at scale**[Learn more about Amazon’s Water Stewardship.](https://sustainability.aboutamazon.com/stories/spotlight-on-water?utm_source=geekwire&utm_medium=paid-newsletter&utm_campaign=fy26q2-amazon-sustainability-paid&utm_term=publisher-readership&utm_content=water-newsletter) [![Image 20](https://cdn.geekwire.com/wp-content/uploads/2026/06/Geekwire_Paid-ads_-no-text_225-x225-200x201.jpg)](https://cloud.google.com/resources/content/future-of-ai-genmedia?utm_source=gfs&utm_medium=email&utm_campaign=FY26-Q1-GLOBAL-GCP40293-website-dl-StartupGenMedia-168368&utm_content=gemini_forum&utm_term=-) **Future of AI: Perspectives on generative media for startups**[Get the report.](https://cloud.google.com/resources/content/future-of-ai-genmedia?utm_source=gfs&utm_medium=email&utm_campaign=FY26-Q1-GLOBAL-GCP40293-website-dl-StartupGenMedia-168368&utm_content=gemini_forum&utm_term=-) ### About * [About GeekWire](https://www.geekwire.com/about-geekwire/) * [Contact Us](https://www.geekwire.com/contact-us/) * [Partner With Us](https://www.geekwire.com/advertise/) * [Become a GeekWire Member](https://www.geekwire.com/memberships/) * [Send Us a Tip](https://www.geekwire.com/tips/) * [Join Our Startup List](https://www.geekwire.com/submit-startup/) * [Reprints and Permissions](http://geekwirereprints.magreprints.com/) ### Follow * [Facebook](https://www.facebook.com/geekwire) * [X](https://twitter.com/intent/user?screen_name=geekwire) * [LinkedIn](https://www.linkedin.com/company/geekwire) * [Instagram](https://www.instagram.com/geekwire/) * [RSS Feed](https://www.geekwire.com/rss-feeds/) * [Podcast](https://www.geekwire.com/podcast/) * [YouTube](https://www.youtube.com/subscription_center?add_user=GeekWire) * [Bluesky](https://bsky.app/profile/geekwire.com) ### GeekWire Newsletters Catch every headline in your inbox Email address Subscribe - [x] **GeekWire Daily** - Top headlines daily - [x] **GeekWire Weekly** - Most-read stories of the week, delivered Sunday - [x] **Breaking News Alerts** - Important news as it happens - [x] **GeekWire Startups** - News, analysis, insights from the Pacific Northwest startup ecosystem, delivered Friday - [x] **GeekWire Mid-week Update** — Most-read stories so far this week, delivered Wednesday - [x] **GeekWire Partner Content** — Special offers and sponsored content from GeekWire partners ### Read GeekWire * [Apple News](https://apple.news/T-EsjXXc_SUaixm4bcBSpAw) * [Google News](https://news.google.com/publications/CAAqBwgKMK-x2wowterLAQ?ceid=US:en&oc=3) ### Legal * [Privacy Policy](https://www.geekwire.com/privacy/) * [Terms of Use](https://www.geekwire.com/termsofuse/) * [Sponsored Content Policy](https://www.geekwire.com/underwritten-sponsored-content-geekwire/) [Return to Top of Page](https://www.geekwire.com/2020/redfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand/#) © 2011-2026 GeekWire, LLC [Do Not Sell or Share My Personal information](https://app.termly.io/notify/3ca9df1b-1ba6-4bf1-8358-d78f85069975) [Limit the Use Of My Sensitive Personal Information](https://app.termly.io/notify/3ca9df1b-1ba6-4bf1-8358-d78f85069975) [Consent Preferences](https://www.geekwire.com/2020/redfin-lays-off-7-staff-furloughs-hundreds-agents-due-covid-19-impact-housing-demand/#) No thanks ![Image 21](https://cdn.geekwire.com/wp-content/uploads/2026/04/geekwire-nav-logo-200-1.png) ## Don't miss a headline! Sign up for GeekWire's newsletters today. Email address Subscribe - [x] GeekWire Daily - [x] GeekWire Weekly - [x] Breaking News - [x] GeekWire Startups - [x] Mid-week Update - [x] Partner Content Thanks for subscribing! Check your inbox to confirm your subscription. ![Image 22](https://pixel.wp.com/g.gif?v=ext&blog=255764510&post=557190&tz=-7&srv=www.geekwire.com&j=1%3A15.9&host=www.geekwire.com&ref=&fcp=0&rand=0.9304656195279571)