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From 1,200 to 1,500 employees were affected, essentially bringing Better’s staffing levels down from roughly 10,000 in December to less than 5,000, people familiar with the situation told TechCrunch.
“As the mortgage environment in which we operate continues to indicate further declines ahead, we have to do more to ensure Better is appropriately positioned, financially and operationally, to navigate this changing environment,” Richard Benson-Armer, the company’s freshly hired chief people officer, wrote in an email to employees.
