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Zillow Layoffs Ahead of Earnings | Real Estate News
Zillow’s CEO just announced the layoff of over 500 employees as part of a push to cut costs and become more efficient — a move that comes right before their big earnings report. Despite strong revenue growth, especially in mortgage and rentals, the stock has tanked this year, sparking legal scrutiny from shareholders. The CEO is also pushing hard for Zillow to become an “AI-native company,” integrating AI into tools and retraining staff — but it’s unclear if that’s tied to the layoffs. More answers may come tomorrow during the earnings call. Listen in comfort:Get a discount on a Soli Pillow…
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