Compass makes more cuts

In an effort to weather its current financial turmoil, Compass initiated another round of layoffs in late September, cutting 10 percent of its staff, many of whom were on the tech team. The company still has 700 employees in the tech division, down from approximately 1,500 in February. The company has made big bets on its tech vision for real estate. As brokerage leaders know, implementing a tech strategy is an extremely difficult exercise, but one that can bring many rewards. Compass is still betting big on its vision.