Layoff
Dec 2024OfferUp cut 22% of headcount as it sought profitability while expanding beyond used goods.
SourceCompany research
Public company, workplace, funding, and market signals
Overview
OfferUp is a Bellevue-based local mobile marketplace that helps people buy, sell, and connect locally. It has expanded from person-to-person goods into adjacent local categories like jobs, services, rentals, and business tools, with trust-and-safety features at the core.
Primary product
Local mobile marketplace app for buying, selling, and connecting locally
Founded
2011
Headquarters
Bellevue, Washington, United States
Team size
150-200
Work style
Flexible
Industry
Technology, Information and Internet
Sub-industry
Local marketplace / recommerce / classifieds
Offices
1745 114th Ave SE, Suite 100, Bellevue, WA 98004
1100 Bellevue Way NE, Suite 8A #57, Bellevue, WA 98004
Bellevue, Washington, United States
Business model
Funding
Stage
late-stage private venture
Total raised
$381M
Latest round
Venture Round / Letgo acquisition financing · Mar 2020
Latest amount
$120M
People & investors
Leadership
President, CEO and Board Chair
Chief Business Officer
Chief Growth Officer
Work & culture
Mission-driven and local-first, with an emphasis on trust and safety, experimentation, operational rigor, and collaboration across product, engineering, and business teams.
Work style
Flexible
Compensation
Public engineering postings show salary ranges around $210k-$240k with equity, plus benefits such as health insurance, 401(k) match, flexible vacation, 12 holidays, and sick leave. Compensation appears role- and geography-dependent rather than company-wide.
Benefits
Health insurance
HSA/FSA accounts
401(k) with company match
Basic and voluntary life insurance
Disability benefits
Product & market
Pricing
Freemium marketplace: core buyer/seller use is free; OfferUp also charges for premium seller features, promotions, and business solutions.
Differentiators
- —local-first mobile marketplace experience
- —trust and safety features such as TruYou, ratings, and in-app chat
- —community meet-up spots for safer exchanges
- —expansion into jobs, services, rentals, and business tools
- —mobile-native buying and selling workflow
- —business-facing storefront and lead-generation tools
Technology
Java
TypeScript
React
Scale & contact
Estimated revenue
$100M-$150M
Estimated monthly visits
8.5M
Traffic estimate as of Jun 2026
Signals & risks
Layoff
Oct 2025OfferUp conducted another round of layoffs while simplifying its offerings and de-emphasizing shipping.
SourceLatest news
PRNewswire · Jun 2026
A brand/campaign announcement showing OfferUp's push into small-business storytelling and local entrepreneurship.
GeekWire · Oct 2025
Reported another layoff round as OfferUp simplified its offerings, downplayed shipping, and pushed a more focused local experience.
PRNewswire · Sep 2025
OfferUp's annual recommerce report highlighted broad secondhand adoption and the size of the U.S. recommerce market.
GeekWire · Dec 2024
Reported a 22% headcount reduction as OfferUp sought profitability while expanding into new local commerce categories.
Open Positions
5 jobs at OfferUp
Marketing Manager, Paid Acquisition (Hybrid @ Bellevue, WA)
On-siteMarketing & Business OperationsHybrid @ Bellevue, WA1d ago
On-site