Zillow Group Inc. laid off 300 employees as the company contends with a slowing housing market.
A spokesperson for the company said Zillow eliminated roles in several lines of business including Premier Agent, the company’s core advertising service. The cuts account for 5% of its workforce of 5,791 full-time employees as of the end of June.
Zillow is the latest real estate company to shrink its workforce in recent months as the housing market has cooled. Compass Inc. laid off employees in September after an earlier round of job cuts this year. Redfin Corp. has also cut jobs this year. ...
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