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While the job cuts affect only a tiny portion of Compass’ 18,000-person workforce nationwide, they reportedly come as part of a wider reshuffling, as Compass sets up a new “Agent Experience Team” instead of the current teams that bring in new agents.
The company claims 20% market share in cities like San Francisco and Washington, D.C., and 10% in “many more markets” but has said it would slow its plans to expand into new markets.