Trulia cutting jobs at Market Leader

Trulia (TRLA) is cutting 85 jobs (mostly for G&A functions) at its Market Leader subsidiary, which it bought last year for $355M. (8-K)

Trulia expects to record $4M-$6M in pre-tax charges, and to achieve a similar level of 2014 cost savings. The company is reiterating its full-year revenue and adjusted EBITDA guidance.

The company mentioned on its Q1 CC (transcript) Market Leader's real estate CRM software platform now assists 160K+ agents and manages 40M+ leads. Trulia estimates there's a 20% overlap between its subs and Market Leader's.

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