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Redfin Layoffs

Industry Real Estate · Location Seattle · United States · Subscribe (RSS)

7
Layoff rounds
2,347
Employees laid off
Post-IPO
Funding stage
$319M
Total raised

Redfin has 7 publicly reported layoff rounds on record between April 7, 2020 and February 12, 2025. A total of about 2,347 employees were affected across these rounds.

Layoff history

February 12, 2025
Redfin cut 450 employees
450 laid off Location Seattle

Redfin announced 450 job cuts on February 12, 2025, its third round of layoffs in seven months, as the Seattle real estate platform restructured following a major partnership deal with Zillow. Under a new exclusive agreement, Zillow becomes the sole provider of multifamily rental listings on Redfin's platforms, with Redfin receiving $100 million in exchange. The affected positions primarily supported the rentals division. CEO Glenn Kelman said the deal would give visitors access to one of the largest and fastest-growing rental listing databases while freeing the company to concentrate on lending and title services. Restructuring costs were estimated at $18 to $21 million, though the Zillow announcement sent Redfin's stock up more than 11% on the day.

Reason: Restructuring following Zillow rentals partnership

Source: realestatenews.com

January 9, 2025
Redfin cut 46 employees
46 laid off Location Seattle

Redfin disclosed a workforce reduction affecting its Seattle operations in January 9, 2025. Approximately 46 roles were eliminated.

Source: geekwire.com

August 22, 2024
Redfin cut 82 employees (2% of staff)
82 laid off 2% of workforce Location Seattle

Redfin disclosed a workforce reduction affecting its Seattle operations in August 22, 2024. Approximately 82 roles were eliminated.

Source: seattletimes.com

April 11, 2023
Redfin cut 201 employees (4% of staff)
201 laid off 4% of workforce Location Seattle

Redfin disclosed a workforce reduction affecting its Seattle operations in April 11, 2023. Approximately 201 roles were eliminated.

Source: geekwire.com

November 9, 2022
Redfin cut 862 employees (13% of staff)
862 laid off 13% of workforce Location Seattle

Redfin disclosed a workforce reduction affecting its Seattle operations in November 9, 2022. Approximately 862 roles were eliminated.

Source: businessinsider.com

June 14, 2022
Redfin cut 470 employees (8% of staff)
470 laid off 8% of workforce Location Seattle

Redfin disclosed a workforce reduction affecting its Seattle operations in June 14, 2022. Approximately 470 roles were eliminated.

Source: streetinsider.com

April 7, 2020
Redfin cut 236 employees (7% of staff)
236 laid off 7% of workforce Location Seattle

Redfin disclosed a workforce reduction affecting its Seattle operations in April 7, 2020. Approximately 236 roles were eliminated.

Source: geekwire.com

Data for Redfin is compiled from public WARN Act filings and reporting linked above. See our methodology.