Sunday, October 19, 2008

"Zillow lays off 25 percent of workforce"

http://www.inman.com/news/2008/10/17/zillow-lays-25-percent-workforce

I found this article interesting because it involves both real estate and current technology. Zillow is a website began in 2005 which focuses on providing free home valuations called "Zestimates" which are computed using the website's proprietary formula. (It is an online valuation and listings site.) Within 2 days of launching, they served their millionith visitor and thereafter expanded with additional social features, including a heat map and 3D view, a question and answer feature, and user posted photos of their homes. Now, however, the current economy has caused Zillow to lay off 25% of its workforce because it anticipates a prolonged recession.

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