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Divvy Homes, Once Worth $2B, Starts Third Round of Layoffs

Divvy Homes, a real estate startup valued at $2 billion in August 2021, has commenced its third round of layoffs in the past year. So reports TechCrunch.

divvy homesThe rent-to-own technology company is laying off 94 workers nationwide, it said in a letter to Oregon’s Office of Workforce Investments.

“The economics of the company don’t work when interest rates are this high," a person with knowledge of the situation told the news outlet.

Read the full article from TechCrunch.

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