Zillow's Board of Directors determined to wind down its Zillow Offers Operations
In November 2021, the Board of Directors of Zillow Group revealed its determination to wind down its Zillow Offers Operations. Despite the strong performance in the early quarters of 2021, Zillow is reacting to the unpredictability in home prices, capacity constraints and other operational challenges caused by the global coronavirus pandemic. The wind down has continued into the second half of 2022, and will result in the reduction of 25% of its Zillow Offers workforce.
COVID|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.