Second Take: Behind Compass’ pay cuts

Tech and growth departments spared the belt-tightening, firm is still recruiting agents

TRD NATIONAL /
Apr.April 23, 2020 01:20 PM

When layoffs don’t do the trick, it’s time to take a hard look at compensation. It’s something thousands of companies in the U.S. have had to do in recent weeks. And it’s no different for Compass, except that the SoftBank-backed residential brokerage is still actively recruiting agents.

The Real Deal‘s Hiten Samtani caught up with senior reporter E.B. Solomont to discuss her scoop on the cuts and where the firm goes from here.


Related Articles

arrow_forward_ios
What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Compass lending service sues Nile Niami over Bel Air mansion

Compass lending service sues Nile Niami over Bel Air mansion

Compass lending service sues Nile Niami over Bel Air mansion
Connecticut sales soar in third quarter, reflecting a shift toward more space and work-from-home. (iStock)

Connecticut sales soar in third quarter

Connecticut sales soar in third quarter
From left: Compass CEO Robert Reffkin, and  Modus' Abbas Guvenilir, Jay Sim and Alex Day (Getty; Modus)

Compass expands into title and escrow with Modus deal

Compass expands into title and escrow with Modus deal
Ed D’Ambrosio (center) with Dottie Herman and Rory Golod (Elliman, Twitter)

O Brother, where art thou? Dottie Herman’s brother leaves for Compass

O Brother, where art thou? Dottie Herman’s brother leaves for Compass
Compass CEO Robert Reffkin and Charles Phillips (Photos via Flickr; Getty)

Compass makes good on diversity pledge, adding Charles Phillips to board

Compass makes good on diversity pledge, adding Charles Phillips to board
Avi Dorfman and Compass' Robert Reffkin and Ori Allon (Getty; iStock)

Cash, no stock: Compass aims to cut down any Avi Dorfman windfall

Cash, no stock: Compass aims to cut down any Avi Dorfman windfall
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...