Better.com has conducted its third mass layoff in less than five months, citing a declining mortgage market.
Better.com’s desire to build out its purchase experience and move beyond digital lending to help people find and purchase homes. But its refinance team is also believed to have been heavily impacted.
In an email to employees, Richard Benson-Armer told employees that layoffs would occur today and affected employees would receive a “one-on-one” phone call from “leaders.”
Meanwhile, a list of people who have been laid off from Better is being compiled on Coda.
