Compass reviews

Benefits got taken away (tuition reimbursement, fitness reimbursement, etc) prior to the FIRST round of layoffs in 6/22. They have laid off over 1,000 people due to not having enough cash, I wouldn’t join a company that cant even support their own business. CEO became very greedy once the company went public, very money focused and culture declined IMMENSELY. Some higher ups had their offer letters leaked, some getting bonuses of up to $2.9 million a year. BONUSES on TOP of their salary. But they had to let go 25% of their company, makes sense. Don’t expect a decent severance package if you get laid off, oh and even better don’t expect to receive it for 3-4 days after you get laid off, delaying your unemployment application.

Culture is changing from when I started. Financially I lost trust in the business. They are burning cash to keep agents. Agents are treated like kings while employees end up being cost savings levers. They are beginning outsourcing and offshoring across almost every internal team. Managers unfortunately look out for themselves when times get hard and there is heavy favoritism across the business. Agent recruiting strategy is shifting to lower dollar agents because they are cheaper to pay and retain plus Compass keeps more of their split. Luxury agents already dislike this and over time they will need to spin off a non-luxury brand or retention will get worse (already in trouble). Will they make it? Probably. Will it be pleasant to get there? Not likely for anyone.