Divvy Homes lays off nearly 100 employees across 20 states
SOURCEOFFICIAL FILINGCalifornia Employment Development Department· filed September 7, 2023View the filing ↗
What we know
Location: 20 states (various) (San Francisco County).
A WARN notice for this layoff is recorded on September 7, 2023.
Disclosed through an official WARN filing with the CA state workforce agency.
Summary
Divvy Homes Inc. laid off nearly 100 employees across 20 states amid a challenging housing market and rising interest rates. The article reports that nearly 100 Divvy employees received pink slips as the startup faced a difficult environment for its business. No specific departments or exact layoff date are provided. The cuts are presented as a direct result of higher mortgage rates and a tougher operating environment for the company.
Divvy Homes Inc. disclosed this layoff in an official WARN (Worker Adjustment and Retraining Notification) notice recorded by the CA state workforce agency on September 7, 2023. The notice covers 100 employees in San Francisco, CA (San Francisco County), with the layoff effective November 7, 2023.
That is roughly 50% of the 200 people Divvy Homes Inc. employs.
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