REA Group restructures with around 60 redundancies
Realestate.com.au’s parent company REA Group has restructured, resulting in multiple redundancies.
Mumbrella understands around 60 roles were made redundant, and 15 redeployed.
REA Group is restructuring under CEO Owen Wilson
Under the new structure, the company is also hiring around 20 new roles.
Henry seems to have some competition. C’mon Henry, i’m sure there are more to go.
“Nyip!”
Wow – Melina has truly swooped in and [Edited under Mumbrella’s comment moderation policy]. Will be watching closely how this impacts Melb office / BWM.
BWM has just locked in new contract. New roles a/plenty. She may need to slow down as it’s REA.
Why does a company that makes record profits year on year on year on year on year then make a bunch of redundancies when their profits slightly aren’t as big YoY.
Where has taking care of your employees in tough times gone? This is why people aren’t loyal anymore, it doesn’t pay off!
Their new marketing director is from Domain – assume they may want to bring over their mates?
This has already started. Watch this space…
This may have already happened. Ex Domain (or maybe current) may have been copied on emails fromCMO through their gmail accounts. 2 new roles based in Sydney.
Someone bringing in people they have worked with? That’s freakin outrageous!
Ask Ahmoud
Hi Ken
Hi Barbie
New Aussie Post CFO making change. The Inventor bites the dust.
Lets see how long it takes Melina to move whats left of the marketing team to Sydney and install her Domain mates who are waiting in the wings.
REA have been gradually offloading all of their more expensive and innovative talent for some time now. Not the business it once was I’m afraid and they are increasingly risk averse since they paid way too much for their foreign assets a few years ago. It’s now all about cost-cutting, protecting core revenue streams and squeezing agents for every cent. It’s a shame.