American leading real estate marketplace Zillow has laid off some of its employees as the company shifts focus towards technology-related roles.
Although the company did not disclose how much of its workforce was cut off. It however stated that the laying off of some members of its employees was necessitated as it was part of the company’s process to evaluate its resources, shifting it toward key areas.
A spokesperson at the company said, “As part of our normal business process, we continuously evaluate and responsibly manage our resources as we create digital solutions to make it easier for people to move.
“This week, we have made the difficult but necessary decision to eliminate a small number of roles and will shift those resources to key growth areas around our housing super-app. We’re still hiring in key technology-related roles across the company.”
Investors King understands that this is the second time Zillow is laying off part of its workforce. In November last year, the real estate company had announced that it was laying off a quarter of its employees which was around 2,000 people.
The move was due to the shutting down of its home-buying service offers that aimed to provide sellers with instant home offers.
The recent layoffs at the real estate firm impacted its Offer advisors, PA sales, and back-end staff at Zillow Home Loans and Zillow Closing Services, as well as other teams.
Zillow joins the likes of other startup companies that have laid off part of their employees this year due to the economic slowdown. Some of the companies include Netflix, Cerebral, Byju, Ola, Spotify, Momentive global, Tencent, Tesla, Walmart, and Coinbase.
Founded in 2006, Zillow allows renters to pay rent online to their landlords for properties on the Zillow Rental Manager tool. It charges renters a transaction fee when using debit or credit cards to pay their landlord.