Zillow announces it's shuttering Zillow Offers, laying off about 2,000

Zillow will shutter its home buying business and lay off 25% of its workforce over the next few quarters, the company announced Nov. 2.

Company CEO Rich Barton tweeted it is "a tough day at Zillow."

"We made the difficult, but necessary decision to wind down the Zillow Offers operations and lay off 25% of the workforce."

Approximately 2,000 employees will be laid off from the Seattle-based company. The company doesn't know the exact breakdown of the layoffs yet, but Seattle will "most likely not be affected," a company spokesperson told KING 5. In general, most of the layoffs will be spread across the country in areas where the program is operated. Zillow Offers is not operated in Washington.

[deanmaypole]

Based out of Seattle, what could possibly gone wrong🤗🤫🤠

[laskey]

Oh man... If they go under it will be a tiny bubble burst. 2.8 billion may be kind of small though economy wise.