{"id":3607,"date":"2022-10-26T19:39:57","date_gmt":"2022-10-26T19:39:57","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2022\/10\/26\/zillow-is-the-latest-firm-to-undergo-layoffs\/"},"modified":"2025-03-13T02:47:41","modified_gmt":"2025-03-13T02:47:41","slug":"zillow-is-the-latest-firm-to-undergo-layoffs","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2022\/10\/26\/zillow-is-the-latest-firm-to-undergo-layoffs\/","title":{"rendered":"Zillow lays off 300, pivots to &#8220;housing super app&#8221;"},"content":{"rendered":"\n<p>As the <a href=\"https:\/\/preprod.realtrends.com\/blog\/articles\/holy-cow-what-happened-to-the-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">housing market has slowed<\/a>, firms across the real estate ecosystem have <a href=\"https:\/\/preprod.housingwire.com\/articles\/pennymac-imposes-a-new-round-of-layoffs-ahead-of-q3-earnings\/\">reduced staff<\/a> in order to cut costs. <strong>Zillow<\/strong> is the latest firm to undergo a round of layoffs, eliminating roughly 300 positions on Tuesday, but the firm does not attribute the reduction to the cooling housing market.<\/p>\n\n\n\n<p>\u201cAs part of our normal business process, we continuously evaluate and responsibly manage our resources as we create digital solutions to make it easier for people to move. This week, we\u2019ve made the difficult \u2013 but necessary \u2013 decision to eliminate a small number of roles and will shift those resources to key growth areas around <a href=\"https:\/\/preprod.realtrends.com\/blog\/articles\/licking-its-wounds-zillow-bets-on-a-housing-super-app\/\" target=\"_blank\" rel=\"noreferrer noopener\">our housing super-app<\/a>,\u201d a Zillow spokesperson wrote in an email. \u201cWe\u2019re still hiring in key technology-related roles across the company.\u201d<\/p>\n\n\n\n<p>Impacted positions included Zillow Offers advisers, Premier Agent sales representatives, as well as back-end staff at Zillow home loans and Zillow Closing Services, according to a report from <strong><a href=\"https:\/\/techcrunch.com\/2022\/10\/26\/zillow-layoff-300-employees\/\" target=\"_blank\" rel=\"noreferrer noopener\">TechCrunch<\/a><\/strong>, which was confirmed by Zillow.<\/p>\n\n\n\n<p>Zillow said the laid-off employees will receive 11 weeks of full pay, six weeks of paid benefits and out placement services.<\/p>\n\n\n\n<p>This is Zillow\u2019s largest round of layoffs since it let go of 2,000 employees last November after shuttering its <a href=\"https:\/\/preprod.housingwire.com\/articles\/a-zillow-problem-or-an-ibuying-problem\/\" target=\"_blank\" rel=\"noreferrer noopener\">iBuyer operation<\/a>.<\/p>\n\n\n\n<p>Since closing its <a href=\"https:\/\/preprod.housingwire.com\/articles\/inside-zillows-misadventures-in-ibuying\/?__hstc=43385018.c1200c13b5ffe2d787c2a413a4fe14b9.1635527061029.1666807038529.1666812146670.714&amp;__hssc=43385018.7.1666812146670&amp;__hsfp=3160589206\" target=\"_blank\" rel=\"noreferrer noopener\">iBuying program<\/a>, Zillow has piloted a variety of programs, including changes to <a href=\"https:\/\/preprod.realtrends.com\/blog\/articles\/zillow-testing-major-changes-to-premier-agent-program\/\" target=\"_blank\" rel=\"noreferrer noopener\">Premier Agent<\/a>, a <a href=\"https:\/\/preprod.realtrends.com\/blog\/articles\/zillow-pilots-new-cash-backed-offers-program\/\" target=\"_blank\" rel=\"noreferrer noopener\">cash-backed offer program<\/a> and it has also <a href=\"https:\/\/preprod.realtrends.com\/blog\/articles\/you-can-now-sell-your-home-on-zillow-to-opendoor\/\" target=\"_blank\" rel=\"noreferrer noopener\">partnered<\/a> with <strong>Opendoor<\/strong> to offer iBuying quotes and services to users.<\/p>\n\n\n\n<p>During the&nbsp;<a href=\"https:\/\/s24.q4cdn.com\/723050407\/files\/doc_financials\/2022\/q2\/Zillow-Q2-2022-99.1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">second quarter of 2022<\/a>, Zillow generated a modest net income of $8 million, while revenue for the quarter came in at $1 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zillow has laid off 300 employees from a variety of positions as it refocuses its efforts on its &#8220;housing super-app.&#8221;<\/p>\n","protected":false},"author":34740,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[1760],"class_list":["post-3607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - 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