Part 1/8:
Breaking News: Layoffs in Real Estate and Tech Industries
As 2024 unfolds, significant shifts in the job market are becoming apparent. Companies like Zillow and Redfin have announced layoffs, accelerating a trend that has been observed in the tech sector. Zillow, based in Seattle, confirmed job cuts within its reorganized agent software and advertising teams, a decision justified with a statement about focusing on long-term growth and better integration of services. However, this seems to reflect a broader struggle in the real estate market as economic pressures mount, with mortgage rates climbing above 6.9%.