Compass Is Eliminating More Jobs as US Housing Market Slows (2)

Compass Inc. is cutting more jobs as it battles a sluggish real estate market and tries to get costs under control.

The New York-based real estate brokerage, battered by the US housing slowdown, said it had “implemented a further workforce reduction” as part of its ongoing cost reduction initiative, according to a filing Thursday. The company said its US technology engineering team was not impacted by the layoffs and that it will incur costs of $10 to $12 million for severance and other benefits for employees whose jobs are being eliminated.

A Compass spokesperson declined to provide details on how many roles ...