Glenn Kelman
Redfin’s longtime CEO Glenn Kelman is stepping down — and on its face, that’s not the kind of executive shuffle that would necessarily rise to the top of CandysDirt.com’s news stack. But context matters. When Rocket Mortgage announced last year that it was acquiring Redfin, the most revealing part of the deal wasn’t the price…
The company chose to furlough agents instead of laying off in order to benefit from the $2 trillion CARES Act stimulus. Seattle-based Redfin, one of the very first disruptive brokerages to set the scene for upending the traditional brokerage model, announced Tuesday that it will furlough 41 percent of its agents, totaling nearly 600 people,…
