SEATTLE — Seattle-based real estate company Zillow has laid off 300 people, about 5% of its employees.
It is not yet known how many of the positions are in the Puget Sound region.
The job cuts were announced a week before the company will release its third-quarter earnings.
Zillow’s stock is now trading at just under $31 a share, down from its all-time high of $202 a share in February 2021.
Zillow provided KIRO 7 with a statement about the layoffs.
“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. We’re still hiring in key technology-related roles across the company.”
— Zillow spokesperson
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