Zillow Cuts 7% of Workforce — 500 Jobs — Despite Double-Digit Growth

NewsData.io · United States · Aug 7, 2026

Zillow is eliminating approximately 500 positions, representing 7% of its workforce, even as the company reports double-digit revenue growth. The cuts are attributed to a weaker mortgage market and a significant business model shift that introduces new operational risks. For staffing firms, this signals that even high-growth tech-adjacent companies are rightsizing headcount in response to housing market pressures. The layoffs may open placement opportunities as displaced Zillow talent enters the market.