Redfin to lay off 450 employees

Redfin to lay off 450 employees after inking new rentals partnership with Zillow Group
While a new listings partnership between Redfin and Zillow is expected to benefit both companies in the long run, it comes at a cost for some Redfin employees. In an SEC filing ahead of its fourth-quarter earnings report,
Seattle-based Redfin to lay off hundreds as it partners with Zillow
Zillow's deal with Redfin to become the exclusive provider of multifamily rental listings will result in hundreds of laid-off Redfin employees.
Redfin to lay off 450 employees in its rental division
The layoffs come after Redfin and Zillow announced a deal to syndicate Zillow rental listings on Redfin’s rental sites.
Redfin to cut 450 jobs after rental deal with Zillow
Redfin laid off 46 employees in January, the same time Zillow laid off about 125 employees. Redfin also laid off fewer than 100 employees in August. The company generated $278 million in revenue during the third quarter, up 3% year over year. Its quarterly net loss was $33.8 million, up from $19 million during the third quarter of 2023.
Seattle-based Redfin to lay off 450 employees after new deal with Zillow
SEATTLE — More layoffs are on the way for Seattle-based Redfin after the company announced a new partnership with Zillow.
Redfin plans to lay off 450 employees
Seattle-based Redfin will be laying off about 450 employees because of a new partnership with Zillow. In a Securities and Exchange Commission (SEC) filing, the company said it plans to restructure its rentals business.
Redfin announces Zillow partnership, 450 layoffs
Brokerage cited restructuring amid a $100 million partnership with Zillow to syndicate the platform’s rental listings.
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