RTO is Bullshit. We all know. AI is Bullshit. We all know it. Come on people. Anyways, some interesting data points from Zillow.
“The company has drastically cut costs by shedding offices. Zillow’s total leasing costs reached $54 million in 2022 and dropped to $34 million last year. The company’s total revenue for 2024 was $2.2 billion.
Zillow’s financial results from last year suggest the workforce has been productive while logging in from home. The company reported Tuesday that it beat Wall Street expectations for the last three months of 2024 with a quarterly revenue of $554 million
Zillow shifted to allowing people to work fully remote during the pandemic. It’s been a recruiting and retention tool for Zillow as they “now see four times the number of job applicants for every job we have versus what we did before the pandemic,” Wacksman said.”