Zillow Group layoffs, on the record
Every job cut, severance charge and restructuring Zillow Group reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 6,263 to 7,068.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 6,263 | December 31, 2023 |
| 10-K for 2024 | 6,856 employees | As of December 31, 2024 |
| 10-K for 2025 | 7,068 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded impairment costs of $16 million tied to changes in the use of certain office spaces in its lease portfolio, within impairment and restructuring costs.
Word for word“The year ended December 31, 2023 includes impairment costs of $16 million associated with changes in the use of certain office spaces in our lease portfolio and employee termination costs of $3 million.” 10-K for 2023
Our summaryRecorded employee termination costs primarily associated with the wind down of Zillow Offers operations, within impairment and restructuring costs.
Word for word“Impairment and restructuring costs for the year ended December 31, 2022 do not qualify as discontinued operations and were primarily attributable to employee termination costs associated with the wind down of Zillow Offers operations.” 10-K for 2023
Our summaryReported restructuring costs of $24 million, primarily related to the Zillow Offers wind down.
Word for word“Restructuring costs totaled $ 24 million for the year ended December 31, 2022 and were primarily related to the Zillow Offers wind down.” 10-K for 2023
Our summaryImpairment and restructuring costs were recorded, primarily tied to changes in the use of certain office spaces in the lease portfolio.
Word for word“Impairment and restructuring costs were $6 million and $19 million for the years ended December 31, 2024 and 2023, respectively, and were primarily associated with changes in the use of certain office spaces in our lease portfolio.” 10-K for 2024
Our summaryThe filing describes the components of restructuring costs, including employee termination costs, contract termination costs, and charges from the wind down of Zillow Offers and other cost actions.
Word for word“The main components of our restructuring costs recorded within impairment and restructuring costs in our consolidated statements of operations relate to employee termination costs, contract termination costs, and charges attributable to the wind down of Zillow Offers operations and additional cost actions to streamline our operations and prioritize investments.” 10-K for 2024
Our summaryThe company recorded impairment costs tied to changes in the use of certain office spaces, mainly subleases where expected sublease income was below the carrying value of the assets, and reported them within impairment and restructuring costs.
Word for word“For the years ended December 31, 2025, 2024, and 2023, we recognized impairment costs of $ 2 million, $ 6 million and $ 16 million, respectively, within impairment and restructuring costs in our consolidated statements of operations associated with changes in the use of certain office spaces, primarily related to subleases where anticipated sublease income was less than the carrying value of the related asset group.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2021-12-31 | — | $14.4 million |
| 2022-12-31 | $24 million | — |
Zillow Group filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Zillow Group’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-11. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.