Redfin CEO Glenn Kelman has told his employees that they will be expected to return to the workplace starting July, in new-look hybrid conditions.
According to an announcement made on Monday, employees living within 20 miles of Redfin's headquarter buildings in Seattle, San Francisco and Frisco will be required to spend Tuesdays and Wednesdays in the office, with employees outside that radius asked to make at least one quarterly visits. Redfin agents will not need to visit/work from the office.
Kelman highlighted a need to recapture Redfin's culture, which he said has suffered since the company's shift to a remote working policy during the 2020 pandemic.
Meanwhile, Redfin is trying to claw its way out of a financial hole. The portal has laid off circa 1500 employees in three rounds of redundancies dating back to June 2022, with a 22% reduction in revenues driving yearly losses of $321M in a struggling US market.
The full statement from Glenn Kelman has been published on Redfin's public blog. You can read it here.
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