‘Flat housing market’ forces Zillow layoffs: Real estate company sheds 7% of jobs in second round of cuts this year

Zillow plans to lay off “just over 500 employees,” or about 7% of its workforce, as part of a company-wide restructuring. The Seattle-based online real estate company had 7,058 employees as of March 31. CEO Jeremy Wacksman made the announcement in a blog post on Tuesday, citing a “flat housing market” and “what is required of us to grow at scale.” “These changes are about ensuring we have a disciplined cost structure and getting more efficient, wit...