Re|Max to cut 17% of its workforce Re|Max Holdings Inc. said late Thursday it expects to cut its workforce by about 17% by the end of the year, mostly technology positions, as the real-estate company outsources some of its technology needs. Re|Max said it is entering a relationship with Inside Real Estate, the developers of a cloud-based, "all-in-one" real-estate platform for agents. In a phased rollout beginning later this year through 2023, Re|Max affiliates in the U.S. and Canada will get access to the platform. Most savings from the layoffs are expected to reinvested back in the business, Re|Max said. According to company filings, Re|Max had 639 full-time employees at the end of last year, mostly in Denver. The company''s franchisees are independently operated and their employees and agents are not included in the company''s employee count. Shares of Re|Max were flat in the after-hours session after ending the regular trading day up 1.9%. This evolutionary step will advance the best elements of RE|MAX technology - including many developed via acquisitions in the past several years.