MRI Software Layoffs
Industry Real Estate · Location Cleveland · United States · Subscribe (RSS)
MRI Software has 1 publicly reported layoff round on record (most recent May 11, 2026). A total of about 200 employees were affected across these rounds.
Layoff history
MRI Software cut about 200 jobs in May 2026, roughly 4% of its more than 5,000 employees, attributing the reduction to advancing AI adoption across its products and operations. The Cleveland-based proptech firm said the restructuring would improve scalability and responsiveness without materially affecting overall headcount or client resources, placing the move within a broader industry shift toward automating repetitive workflows. Affected staff, who shared news of the cuts on LinkedIn, included managers and at least one senior director. The company declined to specify the implementation timeline or severance terms. MRI is backed by private equity investors TA Associates, Harvest Partners and GI Partners, and the layoffs coincided with reports that its owners had engaged Goldman Sachs to explore a sale valued at up to $10 billion including debt.
Reason: AI adoption across products and operations
Source: propmodo.com
Data for MRI Software is compiled from public WARN Act filings and reporting linked above. See our methodology.