Houzz Layoffs
April 2020
Houzz announced a layoff affecting 155 employees (10% of its workforce) in April 2020. The company operates in the Consumer sector.
155
10%
Apr 21, 2020
About
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.
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