Zillow Cuts Out 80 Zillow Offers Staff

November 1, 2020
Share this Post: 

Sources have revealed that the US property portal giant, Zillow, has cut 80 jobs from its ibuyer department, Zillow Offers. This is surprising considering the company, along with other iBuyers, have raved about the success within the iBuying sector. 

Though it is unclear how many of its over 5,000 employees works for Zillow Offers, a source has reported that the company has made the move to rework its iBuying scheme. 

At the beginning of the year, which was also the beginning of the COVID crisis, iBuying was under fire, as the uncertainty of the future of the industry forced a number of iBuyers in the US to halt services until a better grasp on the market climate was reached. 

Since then, iBuying has proved to be resilient in the face of a pandemic that forces many to stay inside and cut back on the number of human interactions one experiences on average. With iBuying, the home selling and buying process can be done digitally with the least amount of in-person interaction. Zillow Offers has been doing quite well within the last few months. With these recent cuts, there could be a change in the iBuyer’s structure to further adapt to the current industry climate. 

November 1, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Juwai Iqi Transaction
Juwai IQI Claims 117% Increase in End-To-End Transaction Value in First Three Quarters of 2021

Asian end-to-end real estate transaction marketplace Juwai IQI has announced that it has completed 22,000 property transactions in the first...

Read More
Rex Row Of Houses
Zillow Accuser REX May Be Forced to Join MLS After All Amid Staff Cutbacks

Austin, Texas-based discount brokerage firm REX has announced that it is looking into joining the Multiple Listing Service system after...

Read More
Rightmove And Zoopla Hmrc
Tax Man Using Rightmove and Zoopla to Spot Fraud

British accounting firm UHY Hacker Young claims to have found evidence that the UK tax authorities are using information displayed...

Read More
Onthemarket Increase Agents 1
OnTheMarket Reports Very Healthy HY21 As More Agents Move to Paid Listings Packages

British majority agent-owned property portal OnTheMarket has reported strong results for the first half of its financial year to follow...

Read More