Compass laying off tech employees, moves on from highly touted CTO

After losing $101 million in the second quarter 2022, Compass continued its cost-cutting by parting ways with its chief technology officer Joseph Sirosh, a highly touted addition to the team when he came to the company in late 2018. Compass has spent a reported $900 million on its technology platform. The company, which became the largest brokerage in America in 2022, is reeling at the moment as it looks to solidify its operations and work toward profitability.