Zillow Group's transition to a remote-first work model has not only resulted in significant cost savings but has also expanded its talent pool nationwide. CEO Jeremy Wacksman indicated that if Zillow were founded in 2025, it would back a remote-first approach. The company's latest quarterly report showcases financial success, marking its first profit since 2022, with a 13% year-over-year revenue increase. This change allows Zillow to attract more job applicants and increase diversity and quality in hiring, supporting its strategic growth in a challenging housing market.
By going remote, Zillow has significantly reduced office-related costs, with rent expenses decreasing by $31 million in 2024 due to changes in office space use.
Wacksman states that remote work for Zillow is not about saving money, but a strategic approach that enables nationwide recruitment, enhancing the quality and diversity of the talent pool.
Zillow's shift towards remote work has led to its employees being present in all 50 states, leading to a marked increase in job applicants.
The company's move to a remote work model coincided with impressive quarterly results, including a 13% increase in revenue year-over-year, proving business growth amid a challenging housing market.
Collection
[
|
...
]