The real estate industry layoff wave is hitting the rental market as well. The Real Deal was first to report that online rental search company Zumper has laid off 15 percent of its staff, according to multiple former employees.
Sources say the majority of affected jobs came from the sales and customer service departments, with additional cuts to the art department.
Miranda Harper, vice president of communications at Zumper, confirmed the cuts with Inman.
“Macroeconomic and market factors have temporarily slowed growth across our industry as a whole,” Harper said. “In order to minimize business impact, we made the difficult decision to right-size our company and move forward with an even stronger focus on our customers and mission.”
According to Crunchbase, Zumper was founded in 2012 and has raised $179 million in capital since inception, including a $60 million in Series D funding led by e.ventures in 2020.