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 the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 181374380
Slashed Costs and Net Loss Improvement for FangDD in 2022 - But Will it be Enough For Struggling Chinese Portal?

The Chinese real estate marketplace and transaction platform company FangDD has reported on its performance for Q4 of 2022. Notable...

Read More
Zillow And Opendoor
Zillow and Opendoor Further Extend Their Partnership into 3 New Markets

US giant Zillow and Opendoor have expanded their home sales partnership into three new markets. The new markets are Houston,...

Read More
Ke Holdings Decoration
Chinese Leader KE Holdings Sees Net Losses Widen to $203m in 2022 As It Goes "from high-speed to high quality growth"

Leading Chinese real estate brokerage and portal company KE Holdings (aka Beike) has released a report on its performance for...

Read More
Property Finder Boardroom
PropertyFinder hires Frode Nordseth as VP of Product

Dubai-based marketplace Property Finder has hired Frode Nordseth as its new VP of Product. He announced his new role in...

Read More

Editor's Pick