Burning down the house – Zillow lays off 25%

Friday, October 17th, 2008 | dotcom with

Seattle based Zillow announced they had cut 25% of their staff of 150.  Zillow is one of the better funded startups with $87M from Benchmark’s Bill Gurley.  The CEO Rich Barton was quoted saying “I’m sad, this is hard, but business is just fucking great.”  Sounds like the CEO is as inflated as the Zillow “zestimates” of housing prices in my area.  This layoff comes on the heels of fellow real estate startup Redfin laying off 20%.


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