One of the biggest names in proptech investment is dealing with a major shakeup. Fifth Wall reduced headcount and pressed pause on active fundraising, Axios Pro reported. Chief executive officer Brendan Wallace confirmed the business decisions to the outlet. It wasn’t immediately clear how many employees were affected, though people familiar with the firm told the outlet the climate team was hit particularly hard. The company cited a familiar foe of the real estate industry for the cuts, pointing to high interest rates. The firm also pointed to climate policies under President Donald Trump’s administration. The federal government’s shift away […]

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