Houzz

Houzz, a U.S.-based home design and renovation platform, laid off nearly 100 employees globally in December 2022, representing about 8% of its workforce. The company cited challenging macroeconomic conditions in the home improvement and interior design industry as the reason for the cuts. Following these layoffs, Houzz's total employee count was reduced to approximately 1,100, down from 1,800 in 2019, reflecting a broader trend of workforce trimming over recent years. Founded in 2009 and headquartered in Palo Alto, California, Houzz operates internationally with offices in locations including Tel Aviv, London, Berlin, and Sydney. The company, which has raised significant venture funding, has also postponed plans for an IPO due to market conditions.

In April 2020, Houzz, a $4 billion-valued online platform for home renovation and design, laid off 155 employees, representing about 10% of its workforce. The company also implemented executive salary cuts. This decision was driven by the severe impact of the COVID-19 pandemic on its core business of pro subscriptions, as home remodeling professionals faced widespread project delays and cancellations due to social distancing measures. The layoffs followed a previous restructuring in March 2020, when Houzz let go of 10 employees and discontinued its in-house furniture line. The company, operating in the home services and e-commerce industry, cited the need to align strategic investments with the challenging economic environment affecting small businesses in its sector.