Zillow to lay off 500 staff in restructuring

3 hours ago

Zillow is laying off over 500 employees as part of a restructuring to support future growth.
CEO Jeremy Wacksman cited a 'disciplined cost structure' and efficiency goals, despite a flat housing market.
The layoffs follow a previous round of 200 cuts in January 2026, occurring amid continued growth in revenue and net income.
Zillow remains focused on its 'integrated experience' strategy for renters, buyers, sellers, and real estate professionals.
The company reported strong Q1 2026 earnings with revenue up 18% to $708 million and net income rising to $46 million.

Patreon is reducing its workforce by 20%, affecting 93 teammates, in a painful decision made by the CEO.
The company’s core business remains healthy and strong, with over 300,000 creators and steady growth in earnings and members.
The layoff is driven by the need to adjust cost structure due to profound market changes over the past six months, not by AI replacement of humans.

Xbox announces 'most significant restructure' in history, cutting up to 3,200 employees over next year.
1,600 layoffs immediately, including 4 studios being spun out or sold: Ninja Theory, Undead Labs, Compulsion Games, and Double Fine Productions.
Arkane studio also undergoing consultation for divestment.

Monday.com is laying off 20% of its workforce (about 630 employees) as part of a restructuring plan.
The company is refocusing investments around its AI Work Platform, which includes a no-code app builder, customizable AI agent, workflow automation tool, and chatbot.
This move aligns with a broader tech industry trend where companies are cutting jobs to invest more in AI, with 78% of layoffs in 2026 attributed to AI refocusing.

Bending Spoons went public on Nasdaq, briefly surpassing $25 billion market cap, double its previous $11 billion private valuation.
The company acquires and holds digital brands like Meetup, Eventbrite, WeTransfer, focusing on financial improvement through tech, AI, price hikes, and layoffs.
It serves over 500 million monthly active users and 9 million monthly paying customers as of March 2026, with $1.31 billion revenue in 2025.

Apple reported June quarter records for total revenue ($109.4B) and EPS ($2.02), with revenue up 16% year-over-year.
iPhone revenue grew 22% to $54.3B; Mac revenue up 29% to $10.4B; Services up 12% to $30.7B; iPad down 6% to $6.2B.
Gross margin was 50.1%, including a 2% benefit from tariff refunds; operating cash flow hit a June quarter record of $34.4B.

Patreon is reducing its workforce by 20%, affecting 93 teammates, in a painful decision made by the CEO.
The company’s core business remains healthy and strong, with over 300,000 creators and steady growth in earnings and members.
The layoff is driven by the need to adjust cost structure due to profound market changes over the past six months, not by AI replacement of humans.

Xbox announces 'most significant restructure' in history, cutting up to 3,200 employees over next year.
1,600 layoffs immediately, including 4 studios being spun out or sold: Ninja Theory, Undead Labs, Compulsion Games, and Double Fine Productions.
Arkane studio also undergoing consultation for divestment.

Monday.com is laying off 20% of its workforce (about 630 employees) as part of a restructuring plan.
The company is refocusing investments around its AI Work Platform, which includes a no-code app builder, customizable AI agent, workflow automation tool, and chatbot.
This move aligns with a broader tech industry trend where companies are cutting jobs to invest more in AI, with 78% of layoffs in 2026 attributed to AI refocusing.

Bending Spoons went public on Nasdaq, briefly surpassing $25 billion market cap, double its previous $11 billion private valuation.
The company acquires and holds digital brands like Meetup, Eventbrite, WeTransfer, focusing on financial improvement through tech, AI, price hikes, and layoffs.
It serves over 500 million monthly active users and 9 million monthly paying customers as of March 2026, with $1.31 billion revenue in 2025.

Apple reported June quarter records for total revenue ($109.4B) and EPS ($2.02), with revenue up 16% year-over-year.
iPhone revenue grew 22% to $54.3B; Mac revenue up 29% to $10.4B; Services up 12% to $30.7B; iPad down 6% to $6.2B.
Gross margin was 50.1%, including a 2% benefit from tariff refunds; operating cash flow hit a June quarter record of $34.4B.

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