Redfin furloughs 41% of its agents due to coronavirus

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Redfin announced it would be reducing its number of employees by approximately 7%, according to the company’s filing with the Securities and Exchange Commission Tuesday morning.

“Due to the impact of COVID-19 on our business, on April 5, 2020, we decided to reduce our number of employees by approximately seven percent,” the filing said. “We expect to complete this workforce reduction by the end of April 2020.”

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