Zillow Closing Its Home-Flipping Business

Zillow announced it is laying off 25% of its workforce, about 2000 employees, and pausing its Zillow Offers program until after the new year. The program allowed homeowners to sell their homes quickly at market value, with Zillow reselling them after minor upgrades. The CEO cited tough competition and challenges in predicting home prices as reasons for shutting down the program.

What percentage of its workforce is Zillow planning to lay off?

• 75%

• 50%

• 10%

• 25%

How many employees are affected by Zillow's workforce reduction?

• 2000

• 2500

• 1500

• 1000

When did Zillow announce the pause in its Zillow Offers program?

• One month ago

• Last year

• Yesterday

• Two weeks ago

What was the purpose of the Zillow Offers program?

• To manage real estate investments

• To allow homeowners to sell quickly at market value

• To provide rental services

• To offer home loans

Why did Zillow decide to shut down its Offers program?

• Tough competition and difficulty in forecasting home prices

• Regulatory issues

• Lack of interest from homeowners

• High operational costs