Zillow Cuts More than 500 Jobs in Its Largest Layoff of the Year

Zillow to lay off over 500 employees

Zillow cut 500+ jobs and won't say if AI was the reason

Zillow laid off more than 500 people on Tuesday, about 7% of its staff and its largest cut of the year. The Seattle property company made the move one day before it reports quarterly earnings. It has spent the year telling investors it is becoming an “AI-native” company. It will not say whether AI had […] This story continues at The Next Web

Zillow cuts more than 500 jobs in its largest layoff of the year

GeekWire Illustration Seattle-based online real estate company Zillow Group laid off more than 500 employees Tuesday, about 7% of its global workforce, its second and largest round of cuts this year. The layoffs are about “ensuring we have a disciplined cost structure and getting more efficient, with the right people in the right positions,” Zillow Group CEO Jeremy Wacksman said in a company blog post announcing the cuts. He said the decision re…

Zillow lays off 7% of its workforce

Zillow has grown this year as the company focuses on improving its rentals business and rolls out artificial intelligence tools. Zillow saw its revenue rise 18% in the last quarter.

Zillow to lay off 500 staff in restructuring

Zillow will lay off just over 500 employees as part of a new organizational restructuring aimed at supporting the company’s next phase of growth, the company announced Tuesday in a Front Porch blog post by CEO Jeremy Wacksman. The cuts come as Zillow continues to push its strategy of building an “integrated experience” for renters, buyers, sellers and real estate professionals, even as the broader housing market remains “essentially flat,” Wacks…

Zillow Cuts Over 500 Jobs In Organizational Restructuring

Zillow is laying off just over 500 employees, CEO Jeremy Wacksman said in a memo on Tuesday.The company is calling it an organizational restructuring.Wacksman said the decision reflects both the company's strategic position and what's required to keep growing at its current scale. He pointed to Zillow's performance against a housing market he described as essentially flat, and said the company's integrated platform is producing results for the b…