https://www.businessinsider.com/zillow-homebuying-unit-shutting-down-layoffs-2021-11
Is this the beginning of the housing market crash 👀
Wow 25% of employees. So roughly 1,300 people will be let go.
1,800
I think part of the model was based on the constant churn not just the inventory. It's very hard to do this as a homebuilder. Can't imagine the difficulty when repairs may vary widely in costs and manual labor costs increase significantly.
They dumped 93% of all their Phoenix houses
Dont DM for AMZN, we suck
It was scam. Hire 40% in the beginning of the year and fire 20% at the end of the year. Stock price manipulation. https://www.fool.com/investing/2021/03/11/zillow-launches-hiring-spree-to-increase-its-workf/
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1 vs 5 Million - no lifestyle change
Sending good vibes to any culled Zillow employees.