Zillow to shut down Zillow Offers, lay off 25% of company

By Rick Morgan | Phoenix Business Journal

Seattle-based Zillow Group, Inc. (Nasdaq: ZG) is shutting down Zillow Offers, its direct homebuying service.

The move, announced Tuesday along with the company’s third quarter 2021 earnings results, comes just weeks after Zillow said it wasn’t buying any more homes through the end of the year. According to Zillow, shutting down its iBuying service will take several quarters.

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