In what must have come as a shock to the workforce at Zoopla Property Group, nearly 70 staff members have been informed that they face redundancy. The business entered a consultation process with employees on the 20th of October.
Property Industry Eye confirmed that Zoopla announced the news to employees yesterday lunchtime, with the proposals potentially impacting significant roles across the business, representing close to 10% of total employees at the company. The figure is added on top of the 37 roles put at risk this summer, taking the total roles at risk to more than 100.
More clarification will follow as to which roles at the business are at risk, but Charlie Bryant, Zoopla’s CEO, has confirmed that several employees will now enter a consultation process.
Bryant says: ‘Over the last two to three years we have made significant investments to lay the important groundwork to achieve what we committed to in our Vision. With this work now completed and the macro-economic environment rapidly evolving, we need to drive further efficiencies in our business and look to recalibrate the roles in our organisation.
He further adds: ‘these proposals were very much a last resort and we’re doing everything we can to support our affected colleagues. Our goal is that these changes, if implemented, would ensure we can weather the challenges ahead – and continue to deliver enhanced products and services at pace to our customers without compromising their return on investment.’