Zillow Lays Off 25% Of Staff Despite Strong Growth

• Despite Zillow’s 5.4 million unique visitors in September, which was a 42% increase in traffic over this time last year, they still decided it’s best to let some people go.
• Even in a down housing market, people seem to be flocking to Zillow to see their home valuation sink, value-shop or just to check out the market. This doesn’t necessarily convert to dollars though.

TC

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