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Knock raises $220M, lays off 46% of workforce

The mass layoffs were announced as Sean Black regroups, and charts revised company path in blog post

2022 Layoff
Layoffs, layoff, fired

Knock CEO Sean Black has a lot on his mind including “the difficult decision to part ways with many of our beloved Knockstars.”

Knock, a New York City-based company that makes cash offers on behalf of prospective homebuyers, announced Tuesday that it is laying off 46% of its workforce.

Knock did not say exactly how many employees will be laid off. But a source close to the company said that Knock had approximately 250 employees prior to the pink slips workers learned of this week.  

Inman News first reported on the layoffs, which were initially referenced in a colorful and revealing 1,700-word blog post complete with photos, tables, charts, and graphs on Black’s personal website. The founder of the eight-year-old company and Trulia co-founder devotes an intro and eight sections to other subjects before a penultimate section titled, “People first.”

The layoffs are throughout various company divisions, Knock said. <<<Article continued on HousingWire.com.

This article was originally published by HousingWire. The full article is available on HousingWire.com for HW+ Members.

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