Zillow Group let go of about 200 employees recently as part of performance-related role reductions, the Seattle-based real estate company confirmed to GeekWire on Friday.
“After thoughtful consideration, we made the decision to separate a small number of employees whose performance did not meet expectations,” a Zillow spokesperson said. “This decision is not connected to market conditions or recent business developments. We will continue to invest in the teams and roles needed to effectively deliver on our strategy.”
The company said the cuts — which represent about 2% of Zillow’s overall headcount — were part of the annual review process.
“We recognize the impact of these decisions and appreciate the contributions of each person, and we are committed to supporting those affected with respect and care,” the spokesperson added.
The reductions at Zillow come amid a period of significant layoffs at Seattle-area tech companies, including 16,000 additional corporate cuts at Amazon this week. Meta and Expedia Group also trimmed their workforces in the region.
Zillow is led by CEO Jeremy Wacksman who took over the role in August 2024 from co-founder and two-time CEO Rich Barton.
Founded in Seattle in 2005, Zillow moved to a remote-first workforce during the pandemic. The company still maintains a large footprint in downtown Seattle.
Zillow reported revenue of $676 million in the third quarter, up 16% year-over-year. Traffic to its mobile apps and sites was up 7% to 250 million average monthly unique users.
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