Zillow confirms more layoffs amid housing-market slowdown

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Zillow confirms more layoffs amid housing-market slowdown
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Zillow confirmed more layoffs Wednesday, as the real-estate services company grapples with a slowdown in the housing market.

Zillow Group Inc. confirmed more layoffs Wednesday, as the real-estate services company grapples with a slowdown in the housing market.

“This week, we’ve made the difficult — but necessary — decision to eliminate a small number of roles and will shift those resources to key growth areas around our housing super-app,” a Zillow spokesperson said. “We’re still hiring in key technology-related roles across the company.” Earlier this year, Zillow said it expected to cut its workforce by 25% this year as it unwound its disastrous home-buying business.

 

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