Map-based real estate portal Housing is restructuring their operations to allow them to focus more on real estate transactions. The company says that the move is undertaken to widen its presence in the booming home-buying segment in India.
Housing is also reportedly laying off employees to reduce its workforce; the exact number has not been declared by the company yet.
“Housing.com will now be laser focused on solving the pain points in home buying and selling, the largest real estate segment, and we are excited about the potential impact our solutions could have on consumers, developers and agents across the country. We will be reorganizing the company to fit this new focused strategy and, to this end, expect to reduce our workforce. The Company values the contributions of its talented team and will do everything it can to support its departing team members.” said Jason Kothari, CEO, Housing. [Source]