According to Inman, rent-to-own startup

 

According to Inman, rent-to-own startup Divvy Homes laid off more employees, including a few from high-level positions.  Employees posted on their LinkedIn profiles that they were laid off.  This is the second round of layoffs after the company cut 12% of staff, impacting around 40 employees, in September.  The company's IT manager and head of marketing posted on LinkedIn that the layoff impacted them.  Divvy executive Kyle Zink pointed to inflation and high mortgage rates as reasons for the first round of layoffs.  Divvy Homes raised $200M at a $2B valuation in Aug. 2021, and the company had around 25,000 real estate agents working with it.