Compass International to cut 110 Madison jobs by August after $1.6B merger
Compass International Holdings plans to lay off 110 employees in Madison, New Jersey by August 14 as part of post-merger adjustments following its $1.6 billion combination with Anywhere Real Estate on January 9. The job cuts aim to realign resources ahead of its global operations spanning 340,000 professionals.
1. Layoff Details
Compass International Holdings filed a WARN notice with the New Jersey Department of Labor & Workforce Development outlining plans to lay off 110 employees in Madison, Morris County, by August 14, 2026.
2. Merger Background
On January 9, Compass completed a $1.6 billion merger with Anywhere Real Estate, creating Compass International Holdings under the leadership of Founder and CEO Robert Reffkin.
3. Strategic Rationale
The job cuts are part of a series of operational adjustments aimed at aligning resources, optimizing costs and focusing on high-value areas for real estate professionals across the combined organization.
4. Workforce and Global Footprint
The merged company operates a network of approximately 340,000 real estate professionals and affiliate broker-owners in every major U.S. city and in 120 countries, including nearly 900 agents in New Jersey.