In May 2024, Roofstock merged with former rival Mynd Property Management, consolidating property management operations after cutting roughly 47% of its workforce across 2022-2023. CEO Gary Beasley stated: "By bringing together our complementary capabilities into one platform, we will achieve greater scale." The merger reunited Beasley with Mynd's Doug Brien, former Waypoint Homes collaborators. Employee reviews describe surviving "seven layoff rounds" with "lack of direction" and leadership that "routinely lied about job security, only to lay off employees days later."
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Real estate unicorn Roofstock conducted two major layoff rounds as mortgage rates rose: 20% in October 2022 and 27% in March 2023, reducing headcount roughly 47% from peak. CEO Gary Beasley cited "challenging macro environment" and "negative impact" on business. Employee reviews from 2024 describe "massive layoffs twice a year" with "lack of direction and focus." One employee reported surviving seven layoff rounds before the eighth "got me."
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Roofstock — Layoffs: OPPOSED Real estate unicorn Roofstock conducted two major layoff rounds as mortgage rates rose: 20% in October 2022 and 27% in March 2023, reducing headcount roughly 47% from peak. CEO … https://reciepts.tech/stance/1613