General World News

Clear Capital cuts 24% of its workforce in restructuring

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it “folds up” departments and consolidates teams amid a tough housing market.  

Per the firm, this round of layoffs will include cuts to some leadership and managerial roles.

“We are consolidating different teams, so there’ll be some leadership roles eliminated because of redundancy,” Clear Capital CEO Duane Andrews said in an interview with HousingWire. “Folding up departments makes sense when volumes are details ⇒

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