Zillow Cuts 91 Jobs in Washington Amid Stagnant Housing Market

WHO:

Fast Company - CEO Jeremy Wacksman announced the layoffs at Zillow.

GeekWire - A WARN notice was filed with Washington state regarding the layoffs.

WHAT:

Fast Company - Zillow plans to lay off "just over 500 employees," which is about 7% of its workforce.

GeekWire - Zillow is cutting 91 jobs in Washington state, primarily affecting directors, principals, and senior managers.

Fast Company - Zillow previously cut 200 roles, or 3% of its workforce, in January.

WHERE:

GeekWire - The layoffs are occurring in Washington state, where Zillow is headquartered.

Fast Company - Zillow is based in Seattle.

WHEN:

Fast Company - The announcement of the layoffs was made in a blog post on a Tuesday.

Fast Company - Zillow is set to report second-quarter 2026 earnings on a Wednesday after the closing bell.

WHY:

Fast Company - The layoffs are attributed to a "flat housing market" and the need for a "disciplined cost structure" to grow at scale.

Fast Company - Wacksman stated, "These changes are about ensuring we have a disciplined cost structure and getting more efficient, with the right people in the right positions."

HOW:

Fast Company - The layoffs are part of a company-wide restructuring effort at Zillow.

(UPDATED August 5, 2026 20:39 UTC)

Zillow has announced plans to lay off just over 500 employees, which represents about 7% of its workforce, as part of a company-wide restructuring effort aimed at achieving a more disciplined cost structure. The layoffs will primarily impact directors, principals, and senior managers in Washington state, where Zillow is headquartered, and come on the heels of a previous reduction of 200 roles earlier this year. CEO Jeremy Wacksman attributed these changes to a flat housing market and emphasized the need for efficiency by ensuring the right people are in the right positions.