Zillow to exit its home buying business, cut 25% of staff
CNN
Zillow is getting out of the iBuying business and will shut down its Zillow Offers division, resulting in a 25% reduction in its staff.
In its quarterly earnings report on Tuesday, the company said it will see a total write-down of more than $540 million as a result of its exit from the business, which buys homes and resells them.
As a result of shutting down Zillow Offers, the company said it will be cutting some 2,000 jobs.
(CNN) — One person was killed and another was left critically injured after two helicopters crashed in southern New Jersey on Sunday, officials said.
Pipe bomb suspect told FBI he targeted US political parties because they were ‘in charge,’ memo says
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Ukrainian President Volodymyr Zelensky arrives here Sunday as his frozen capital of Kyiv comes under assault by Russian missiles and drones, a deadly reminder from the war’s aggressor that its attacks would continue even amid accelerated peace talks.
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