Seattle-based Redfin lays off 4% of its workforce

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Seattle-based Redfin lays off 4% of its workforce
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This is the third time in less than a year the company has let people go. Redfin would not confirm where those cuts would come from.

reported the cuts were made in response to the housing downturn and ongoing economic uncertainty.

Redfin said last November that it would end its home-flipping program RedfinNow and eliminate 862 positions. That came after an 8% workforce reduction last June.

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