MoxiWorks employees report layoffs a month after new CEO takes over

Seattle-based real estate tech company MoxiWorks has laid off employees, according to posts from former employees on LinkedIn.

The layoffs come just over a month after former CEO York Baur stepped down and was replaced by serial entrepreneur Eric Elfman. Baur founded the company in 2012 and remains on MoxiWorks' board.

MoxiWorks didn't respond to requests for comment on the layoffs. The real estate news publication Inman News first reported the layoffs.

Elfman previously co-founded and was CEO of the business software company Onit, according to his LinkedIn page. He led the company for more than 14 years. He also founded the legal tool DataCert, which he led as CEO for more than 10 years before Onit.

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MoxiWorks works with real estate agents and brokerages, offering them tools in marketing, making websites, lead generation, recruiting and presentations. The company says it works with more than 800 brokerages and 400,000 agents.

"We’re investing heavily in being the company that most understands the realities of agent life today," Elfman said in a news release when he was announced as CEO. "We will soon have a new platform that supports the future."

MoxiWorks in 2022 acquired the Australian email platform ActivePipe for an undisclosed amount. The company in 2021 acquired Reeazily, a Denver-based company that helps clients manage real estate transactions, also for an undisclosed amount.

In 2019, MoxiWorks secured an investment from private equity firm Vector Capital. The companies didn't disclose the size of the investment but called it "a meaningful growth equity investment." Vector Capital, which is headquartered in San Francisco and was founded in 1997, manages more than $4 billion.

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