February 4, 2012

Zillow lays off nearly 1/3 of its Employees

The soft real estate markets are affecting more than buyers, sellers, and real estate agents.  Online real estate aggregator Zillow announced that it was laying off nearly 1/3 of its employees

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Tootsie psp My Big Fat Greek Wedding movie due to the slowing real estate markets.  They reduced their work force by 40 persons, leaving them with approximately 105 persons at the company.  The heavily funded online real estate firm has received approximately $87 million in venture capitol monies to make a run at creating a national online real estate presence.  But due to an expected ongoing soft real estate market, this has cut into the expected revenues for this Seattle based companies.  Zillow currently makes their money through advertising revenue, and noted that this revenue has continued to grow (despite the fact that the revenues do not cover their current expenses).

 Zillow lays off nearly 1/3 of its Employees

About the author

Jon Karlen wrote 85 articles on this blog.

Jon Karlen has been a licensed & full time in real estate since 1992. Jon has a tremendous amount of experience in internet marketing, website building, and conversion tracking. One of the many projects that Jon is a part of includes his Louisville real estate website that serves the Louisville Kentucky metropolitan area. Jon also enjoys horses and promotes his farm & horse properties niche with his Shelbyville Real Estate site that promotes homes in Shelby County Kentucky.

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