Zillow to lay off 500 staff in restructuring

www.housingwire.com · 2026-08-04 · by Long Nguyen ·generic
Zillow will lay off just over 500 employees in a restructuring ahead of Q2 2026 earnings after Q1 revenue rose 18% to $708M.

Zillow to lay off 500 staff in restructuring

Article Summary

Zillow will lay off just over 500 employees as it restructures to support its next growth phase and integrated customer experience strategy. The move follows Q1 2026 revenue of $708 million, up 18% year over year, and comes ahead of Q2 2026 earnings. AI Summary

Zillow will lay off just over 500 employees as part of a new organizational restructuring aimed at supporting the company’s next phase of growth, the company announced Tuesday in a Front Porch blog post by CEO Jeremy Wacksman.

The cuts come as Zillow continues to push its strategy of building an “integrated experience” for renters, buyers, sellers and real estate professionals, even as the broader housing market remains “essentially flat,” Wacksman wrote.

“These are difficult decisions that reflect both the strides we’re making in our strategy and the reality of what is required of us to grow at scale,” Wacksman said in the post. He said the company is “grateful to every person who is leaving” and is providing support through the transition, though details of that support were not disclosed.

Wacksman framed the layoffs as part of a broader effort to keep a “disciplined cost structure” and to “get more efficient, with the right people in the right positions.” He emphasized that Zillow’s core mission — “to make home a reality for more people” — and its consumer-facing offerings remain unchanged.

Wacksman said Zillow continues to “outperform the category” despite the sluggish housing environment and that the company sees the opportunity ahead as “as large as it’s ever been.” The restructuring is intended to align the organization and its cost base with that growth ambition.

Zillow did not immediately respond to HousingWire’s questions regarding how the layoffs will impact different divisions within the company. This is the second round of layoffs at Zillow this year. In late January, the listing portal giant cut roughly 200 positions as part of its annual performance reviews.

Zillow is set to release its second quarter 2026 earnings on Wednesday. In Q1 2026, Zillow recorded an 18% annual increase in revenue to $708 million and a net income of $46 million, up from $8 million in Q1 2025.

This article was written by Brooklee Han and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

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Brooklee Han

About Brooklee Han

Brooklee Han is a real estate reporter focused on the real estate agent experience and the title insurance industry. Before joining HousingWire, Han was an international figure skater representing Australia at the 2014 Winter Olympics.see full bio

About HousingWire Automation

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication. The system helps convert company announcements and industry data into HousingWire-style news coverage. see full bio

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