Zillow Group Cuts Over 500 Jobs in Second 2026 Layoff
SOURCENews reportView the filing ↗
What we know
Location: global.
Based on news reporting.
Summary
Zillow Group announced on August 4, 2026 that it cut over 500 positions, roughly 7% of its workforce, marking the company's second round of layoffs in 2026 after 200 jobs were cut in January. The workforce reduction coincided with the release of Q2 2026 financials showing $772 million in revenue but a $4 million net loss, driven largely by a $36 million one-time restructuring charge. Management cited a flat housing market and pressure from interest rates and low inventory as reasons for tightening its cost structure and shifting toward a service-based 'Zillow Preferred' model. The layoffs have drawn scrutiny because some high-performing employees were reportedly among those dismissed, and the company continues to face antitrust litigation related to rental listings.
Zillow Group cut 500 jobs as of August 4, 2026.
That is roughly 9.4% of the 5,296 people Zillow Group employs.
LayoffTalk has tracked 3 layoff events at Zillow Group since August 2026, including 91 jobs documented in official WARN filings, with 1 additional event known from news reporting.
Comments (0)
Anonymous by default. Be kind — people reading this may be going through it right now.
No comments yet. Be the first to share your thoughts.
Affected by this?
Share your story anonymously — it helps others reading this feel less alone.
Share your story →More layoffs at Zillow Group
Recent tracked events at this company.