Re/Max Holdings Inc. (NYSE: RMAX) said late Thursday it expects to cut its workforce by about 17% by the end of the year, mostly technical jobs. A real estate company outsources some of its technology needs.

Re/Max said that Re/Max affiliates in the US and Canada will have access to the Inside Real Estate platform. Most of the savings from layoffs are expected to be reinvested back into the business, Re/Max said.