First Redfin, now Zillow
A tough week in Seattle real estate circles with Redfin announcing layofffs of of 20% of their employees on Monday and Zillow following with a similar announcement yesterday, laying off 25% of their employees.
Glenn Kelman, CEO of Redfin, A Very Tough Day.
Rich Barton, CEO of Zillow, Difficult Times, Difficult Decisions.
There is no doubt that many employees from many different industries will be losing their jobs during the economic downturn but I doubt that few will have worked for such compassionate leaders as Glenn and Rich.