In an effort to cut company costs amid a housing market downturn, the New York-based real estate firm Compass is undergoing a round of layoffs that will primarily affect its technology team. News of ...

Real-estate brokerage Compass laid off over 1,000 people this year as it struggles to turn a profit. Recent cost-cutting battered the tech team, which had been a bragged-about centerpiece of the firm.

The firm is letting go of Joseph Sirosh, its chief technology officer, The Real Deal has learned. Compass CEO Robert Reffkin announced Sirosh’s departure to the firm’s employees at market close ...