The company also had some turbulence last year when it disclosed a data breach compromising 57 million records. “As a result of this process, we have made the difficult decision to discontinue our investment in Private Label at this time.” “At Houzz, we continually review our strategic investments, such as Private Label, to ensure that they are aligned to the current needs of our business and optimized for our continued growth,” the company said in a statement to TechCrunch back in March. The move would have seen Houzz bring in-house some of the revenue it usually delegates to third-party manufacturers.
Last month, Houzz fired 10 people and scrapped a plan to create furniture in-house. While the layoffs are COVID-19 related, this isn’t the first sign of Houzz struggling as a business. Many consumers might not be thinking about renovating their bathroom or welcoming construction into their home as the pandemic shows up on doorsteps around the world. Due to COVID-19, many of those same professionals are facing project delays or cancellations as states promote social distancing and shelter in place.īeyond serving as a marketplace for home renovators and customers, the company also sells furniture from third parties. The subscriptions are for home remodeling and design professionals to find work.
#Houzz careers pro#
In the internal memo, Houzz’s founders Adi Tatarko and Alon Cohen cite COVID-19’s impact on its core business: pro subscriptions. “Due to the impact of COVID-19 on small businesses in the home renovation and design space, and the resulting impact on our core business of pro subscriptions, we have made the incredibly difficult decision to part ways with 155 employees, which is approximately 10% of our team,” said a spokesperson. The company, last valued at $4 billion, confirmed the content of the memo in a statement to TechCrunch. Houzz, an online platform for home renovation and design, has laid off 155 employees, roughly 10% of its staff, per an internal memo obtained by TechCrunch.
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