August 19, 2025 · CNBC
Zillow Cuts 6% of Workforce as Mortgage Rates Suppress Homebuying
Zillow Group laid off about 450 employees — 6% of its workforce — as persistently high mortgage rates continued to keep homebuyers on the sidelines. The real estate platform said it would focus remaining resources on rental listings, AI-powered home valuations, and its Zillow Home Loans business. The housing market has seen transaction volumes near 30-year lows through much of 2025.
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