Housing.com to lay-off 600 employees in next 3 months

Housing.com to lay-off 600 employees in next 3 months

Realty portal Housing.com plans to lay off at least 600 employees in the next three months, as it steps up focus on its core technology and product and tightens its cash burn, according to several people familiar with developments at the company.

A management representative at Housing said the company was laying off 160 employees in non core businesses that it plans to shut. The three year-old start up employs about 2,600 people.

After the recent upheavals in its top management, Mumbai-based Housing.com has increased focus on revenue-generation and building an advertisement business. It has shut its commercial properties, short stays and land businesses and streamlined focus on large cities and towns while ceasing operations in smaller cities.

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