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Zillow to lay off just over 500 staff in restructuring
The cuts come after Q1 2026 revenue rose 18% to $708 million, and Zillow said the move supports its integrated customer experience strategy ahead of Q2 results.
Zillow will lay off just over 500 employees as it restructures to support its next growth phase and an integrated customer experience strategy for renters, buyers, sellers, and real estate professionals, HousingWire reports. CEO Jeremy Wacksman framed the changes as difficult decisions tied to the reality of what the company needs to grow at scale.
The restructuring is aimed at aligning Zillow’s organization and cost base, with Wacksman saying the company wants to keep a disciplined cost structure and get more efficient by placing the right people in the right positions. He added that Zillow’s consumer-facing offerings and core mission, to make home a reality for more people, remain unchanged, and that support for departing employees will be provided though details were not disclosed.
HousingWire notes this is Zillow’s second round of layoffs this year, after the company cut about 200 positions in late January as part of its annual performance reviews. Zillow is set to release its second quarter 2026 earnings on Wednesday.
In its latest reported quarter, Zillow recorded Q1 2026 revenue of $708 million, up 18% year over year, and net income of $46 million, compared with $8 million in Q1 2025. HousingWire says Wacksman also pointed to the broader housing market remaining essentially flat while Zillow continues to outperform its category.