Zillow Group has recently reduced its workforce by approximately 200 employees, accounting for about 2% of its total staff. This decision, communicated to GeekWire, was made as part of performance evaluations and not due to market fluctuations or recent business shifts.
The Seattle-based real estate firm emphasized its commitment to investing in roles that align with its strategic goals. A spokesperson acknowledged the challenging nature of these decisions and expressed gratitude for the contributions of the affected employees, assuring them of support during this transition.
These layoffs occur against a backdrop of widespread job reductions within the Seattle tech sector, including significant cuts from Amazon, Meta, and Expedia Group. Zillow, which was founded in 2005, has adapted to a remote-first model since the pandemic, while still maintaining a prominent presence in downtown Seattle.
Under the leadership of CEO Jeremy Wacksman, who assumed the position in August 2024, Zillow reported a 16% increase in revenue for the third quarter, totaling $676 million, alongside a rise in monthly unique users to 250 million.