Real EstateUS

Redfin Layoffs

February 2025

Redfin announced a layoff affecting 450 employees in February 2025. The company operates in the Real Estate sector.

People Affected

450

Announced Date

Feb 12, 2025

About

Redfin, a major online real estate marketplace, is laying off approximately 450 employees as part of a restructuring of its rentals segment. This workforce reduction, announced in February 2025 and to be completed by July, follows a new exclusive partnership where Zillow will provide multifamily rental listings for Redfin's platforms. The strategic move, involving a $100 million payment from Zillow, aims to allow Redfin to focus on other services like lending and title operations. This constitutes the company's third and largest round of layoffs in recent months, reflecting ongoing adjustments in the competitive real estate tech industry.