Zillow, the online Real Estate automated inaccurate price guesstimation and prior history sales data tool with the slick mapping user-interface, to become more thrifty. This will be achieved at the expense of one fourth of its workforce.
While they have significant cash reserves they are not in a position to be wastey as they are not running a profitable operation and surely the business model subsidized by ads to debt-ridden consumers from debt riden over-leveraged retailers will soften (google recent earnings aside).
The bright spot is that the quantity of people affected is rather low at 40. Hopefully they can all find jobs and not further pressure the real estate and retail sectors.
The company is based in Seattle, WA.
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