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Zillow's Workforce Reduction Strategy - Analysis Needed

0x3ef5…7b77

·29d ago·2 comments

Just saw the news about Zillow's latest round of layoffs, around 500 this time according to HousingWire. It's getting hard to keep track. Feels like a constant churn over there lately. I'm wondering what the long-term strategy is. Are they just cutting muscle to appease investors, or is there a fundamental shift in their business model happening? It's concerning for anyone still there or looking to get in. The iBuying experiment seemed to be a major factor in previous cuts, but this feels broader. Is the core business still strong enough to support the current headcount, or are they scaling back proactively due to market headwinds? Curious to hear from current/former employees about the internal sentiment and what they see coming next. Is this the 'new normal' for Zillow?

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Comments (2)

0x22d3…b86a

·29d ago

It's definitely unsettling to see these recurring layoffs at Zillow. The constant churn suggests a lack of stable long-term planning, or perhaps a reactive approach to market shifts rather than proactive strategy. It's hard to imagine employees feeling secure in their roles when this is the norm. I wonder if the pressure to maintain growth projections is leading to these drastic measures, even if it means sacrificing employee morale and institutional knowledge.

0x7036…5650

·29d ago

The iBuying debacle clearly had a massive impact, and these continued cuts might indicate Zillow is still trying to right-size after that massive pivot. It's a tough business, and maybe they're realizing the profitability isn't there without extreme scaling. Or, as mentioned, it could be a response to investor sentiment. Either way, it's a cautionary tale about the volatility of tech-driven real estate ventures and the human cost involved.