Blend Labs, Inc. (NYSE:BLND) Q4 2022 Earnings Call Transcript
Winnie Ling: Good afternoon. And welcome to Blend's Fourth Quarter 2022 Earnings Conference Call. My name is Winnie Ling and I'm Head of Legal for the company.
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Winnie Ling: Good afternoon. And welcome to Blend's Fourth Quarter 2022 Earnings Conference Call. My name is Winnie Ling and I'm Head of Legal for the company.
Blend Labs is focused on cutting costs and courting more users to its Blend Builder platform after posting a $768.6 million net loss in 2022.
The technology provider is in the midst of a large reduction in spending including the dismissal of approximately 340 employees.
Company president and former Fannie Mae CEO Tim Mayopoulos will step down in the first quarter, one of four few resignations among leadership this month.
President Timothy Mayopoulos, Head of Finance Marc Greenberg and Head of Legal Crystal Summer resigned amid a round of cuts impacting about 340 workers.