After Announcing Layoffs, Housing Acquires HomeBuy360 For $2 Million

Barely a week after reports emerged that Housing.com would be firing 600 of its 2600 employees as a part of a restructuring, the company today announced that it has acquired Bangalore-based customer relationship management software company HomeBuy360. This is Housing’s 3rd acquisition this year, after having previously acquired real esate forum IREF and Realty BI, a data analytics company in the real esatate sector.

Engineering Graduates Across India Desperately Wait For Their Dates Of Joining

What companies typically issue at college campuses are Letters of Intent – which are essentially job offers, but they come with a caveat – they don’t specify when the selected students will be required to join these companies and start their professional lives. A lucky few get their Dates of Joining, or DOJs, right after graduating, which ensures a seamless transition from college life to the real world. But there are a large group of students who are kept on hold until business requirements dictate that they be brought on board. In a bleak economic environment, this wait can extend for months.