In June 2022, online rental platform Zumper laid off approximately 45 employees, representing 15% of its roughly 300-person workforce. The San Francisco-based startup, operating in the proptech industry, made the cuts primarily in sales, customer service, and art departments, citing budget constraints amid broader economic challenges. The layoffs occurred as rising interest rates and inflation dampened venture capital investment, affecting numerous tech and real estate firms. Despite being a privately held company in the resilient residential rental segment, Zumper joined the wave of tech layoffs as market conditions forced a strategic pullback in spending.
