A Zillow spokesperson has confirmed to HousingWire that the real estate listing portal giant has terminated approximately 200 employees or roughly 3% of the firm’s total workforce in recent weeks. The company confirmed that the cuts were widespread throughout the company and not concentrated to any particular business segment.
According to the company, these were “performance-related cuts,” and Zillow noted that it has numerous job openings currently posted, adding that the terminations were not part of any cost-cutting measures or company restructuring. A spokesperson for the company also noted that the terminations were part of the company’s typical annual review process.
Zillow currently has a large number of job openings in its mortgage division, rentals division and its software development division.
Over the past five years, Zillow has undergone multiple layoffs related to strategy pivots, including its exit from iBuying in November of 2021 and the shuttering of its Closing Services division in June 2023.
During the third quarter of 2025, Zillow recorded $676 million in revenue, up 16% year-over-year, and a net income of $10 million, up from a $20 million net loss a year ago. All three major segments of the company’s business reported revenue growth during the quarter, with residential revenue rising 7% annually to $435 million, mortgage revenue growing by 36% to $53 million and rentals revenue gaining a 41% annual boost to $174 million.
