Zillow Lays Off Another 5% of Employees as Real Estate Market Woes Deepen

The US property market is imploding at a rapid rate. Online real estate marketplace Zillow emailed about 300 employees Tuesday that they were being laid off effective immediately. In November last year, Zillow announced that it would lay off a quarter of its staff, around 2,000 people. These layoffs impacted Zillow Offer advisors, PA sales and back-end staff at Zillow Home Loans and Zillow Closing Services, among others. Yesterday it was announced new home sales declined 10.9% month-over-month in September. … Continue reading “Zillow Lays Off Another 5% of Employees as Real Estate Market Woes Deepen”