CHESSNOID

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Redfin and Zillow layoffs

Posted on Oct 20, 2008 by CHESSNOID in Recession, economy, internet | 0 Comments

There are 2 online sites that I use on a regular basis Redfin and Zillow.  The recession has forced them to layoff 20-25% of their workforce.  That is bad for its employee and a possible sign that these companies may not make it through this downturn.  I was surprised by the announcements.  Even though they are real estate related, I always viewed them more of Internet information companies.

I wish the displaced employees good luck and hope they find jobs quickly in this tough market.  I hope the sites don’t close down completely. They really are great resources for checking out real estate values and checking out pictures.  They may not be accurate with the values all the time, but still a good place to gauge prices.

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