Home design company Houzz Inc. has reportedly cut 95 jobs in U.S. and Israel, about 8% of its workforce.
The Palo Alto company confirmed the layoffs to Globes, an Israel-based financial newspaper. It blamed them on troubles in the broader economy, which has affected the interior design market.
“This is not a decision we take lightly, and we are committed to supporting the affected employees,” the company said in a statement to Globes. “We believe in the company’s success,” it continued, “and are confident that it will come out of this period prospering.
” Houzz representatives didn’t immediately respond to a request for comment by the Business Journal. The cuts represent the company’s third round of layoffs in less than four years. In 2019, it let go 180 people, or about 10% of its workforce at the time. The following year, in the early stages of the Covid-19 crisis, it laid off another 155 workers, or about 10% of its staff then.