Housing.com to fire another 200 employees this November

Housing.com will lay off another 200 employees in November to meet cost targets set by shareholders.

The strong move comes three months after the real estate website fired 600 employees to focus on its core technology and product. The startup also shut a few categories including commercial properties, short stays and land business. This time, the layoffs will be across departments including product, marketing and operations. Housing.com currently has about 1,960 employees.

"The focus is to control cash burn," an investor in the company said, declining to be identified. A senior Housing executive said department heads across the company have been given targets to identify core strengths. "Unlike the last restructuring round where people were asked to leave because businesses were being shut down, this time the company is laying off without solid ground," the executive said.

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