Zillow.com is laying off more than 25 percent of its workforce – about 40 people – because of the prolonged economic recession, the listings site announced Friday.

“Unprecedented economic events … have made a prolonged recession likely, in our judgment,” said Rich Barton, Zillow founder, chairman and chief executive officer.

Zillow, whose traffic grew 42 percent in the last year, is not yet making a profit. Read the full story here.