Knight Frank confirms job losses
The blue chip agency tells The Neg it started a consultation on redundancies affecting less than 3% of its workforce.
Knight Frank has confirmed reports that it is planning to make redundancies among its British staff.
The agency has started a consultation on job losses, which it says will affect “less than 3%” of its workforce.
Process started
A Knight Frank spokesperson told The Neg: “We can confirm we have started a redundancy consultation process with less than 3% of our UK workforce. As this is ongoing it would be inappropriate to comment further.”
Earlier this month, Knight Frank announced that Tim Robinson would become its next UK Managing Partner, succeeding Stephen Clifton when he retires from the partnership in March 2027.
Robinson, who has spent more than 30 years with the property consultancy, was elected to the role following a formal internal process and will take up the position in April next year.
As UK Managing Partner, he will lead the group’s residential and commercial operations across its network of 79 UK offices, while also becoming Chair of the UK Board and remaining a member of the Group Executive Board.
New board
Last year, Knight Frank announced the establishment of a new Board as it sought to shake-up its flagship UK property business.
Earlier this year, the agency said it was offering “high levels of commission” to a new network of ‘affiliate brokers’ it was setting up in London.
The agency identified 36 markets in the Capital where it could extend its reach beyond high street office patches.
