Zillow reported that it had laid off approximately 300 employees this week.
A Zillow spokesperson stated that “As part of our normal business process we continuously evaluate, and responsibly manage our resources as well as create digital solutions to make people move easier.” “This week, we made the difficult but necessary decision [to] eliminate a few roles and will shift these resources to key growth areas within our housing super-app.”
TechCrunch reported the layoffs for the first time.
Some employees in Zillow Home Loans, Zillow Closing Services backend positions, Premier Agent sales roles, and Zillow Offers advisers were among those affected by the layoffs.
During the second quarter earnings call, Rich Barton, CEO of the company, spoke out about the “challenging” housing market at that time.
The company will report third-quarter earnings after the Nov. 2 closing bell. The company’s outlook for the quarter stated that total revenue was expected to range from $431 million to $461 million.