Zillow announces another round of layoffs
The most recent Zillow layoffs come just ahead of the company's Q3 earnings release.
- Media outlet TechCrunch reported about 300 employees will be impacted.
- The company said that while it is eliminating some positions, it will shift resources to key technology growth areas.
Media outlets are reporting that Zillow has laid off about 300 employees as it pivots to hiring more technology-related positions.
TechCrunch was the first to report the news, noting that the announcement was made to employees on Tuesday, Oct. 25. When reached for comment, a company spokesperson provided a statement, adding that while some positions were cut, the company is still hiring key technology positions across the company.
"As 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'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," according to the statement from the company.
The announcement comes just ahead of the company's latest earning report, which is scheduled to be released on Wednesday, Nov. 2.
Zillow also went through a round of layoffs earlier this year when it decided to shut down its Zillow Offers iBuyer program. At the time of the announcement, those layoffs were expected to impact around 2,000 workers and were spread out over the course of several quarters, according to a GeekWire report.