Zillow Group let go of about 200 workers lately as a part of performance-related function reductions, the Seattle-based actual property firm confirmed to GeekWire on Friday.
“After considerate consideration, we made the choice to separate a small variety of workers whose efficiency didn’t meet expectations,” a Zillow spokesperson mentioned. “This determination is just not linked to market circumstances or latest enterprise developments. We are going to proceed to put money into the groups and roles wanted to successfully ship on our technique.”
The corporate mentioned the cuts — which signify about 2% of Zillow’s general headcount — have been a part of the annual evaluation course of.
“We acknowledge the influence of those choices and admire the contributions of every particular person, and we are dedicated to supporting these affected with respect and care,” the spokesperson added.
The reductions at Zillow come amid a interval of serious layoffs at Seattle-area tech corporations, together with 16,000 extra company cuts at Amazon this week. Meta and Expedia Group additionally trimmed their workforces within the area.
Zillow is led by CEO Jeremy Wacksman who took over the function in August 2024 from co-founder and two-time CEO Wealthy Barton.
Based in Seattle in 2005, Zillow moved to a remote-first workforce in the course of the pandemic. The corporate nonetheless maintains a big footprint in downtown Seattle.
Zillow reported income of $676 million within the third quarter, up 16% year-over-year. Site visitors to its cell apps and websites was up 7% to 250 million common month-to-month distinctive customers.
