Zoopla reveals 68 staff facing redundancy as portal battles ‘headwinds’

Company says consultation process is now under way, telling The Neg staff affected are across multiple teams.

Zoopla has revealed that 68 members of staff are at risk of redundancy following a meeting at its HQ in London Bridge this morning (pictured).

A spokesperson has The Neg that the proposals could potentially impact roles within a number of teams across different areas of the Zoopla business, and the consultation “will involve exploring ways of avoiding redundancies”.

Zoopla says the exact details of how each team would be affected by the proposals is confidential because the company needs to respect the consultation processes of individuals in those roles which may be at risk.

The announcement follows Zoopla’s decision to cut its headcount by 37 during the Covid pandemic, when staff at its software division also faced losing their jobs as the portal restructured its division.

But this time around the downsizing decision has been blamed on the current ‘economic headwinds’ impacting its business and consumer customers.

Vision commitment

The company has released a statement. It says: “Over the last 2-3 years we have made significant investments to lay the important groundwork to help us achieve what we committed to in our Vision.

“With this work now completed, and economic headwinds impacting us all as businesses and consumers, it’s time for us to look to recalibrate the roles in our organisation to align to the next chapter in our journey.

“We wanted to share this with you directly in the interest of transparency and also out of respect for our affected colleagues.”

Zoopla raised eyebrows when, in early 2020 it hired 120 staff, taking its headcount to 850, substantially more than its bigger rival, Rightmove.

The extra people were hired to execute Zoopla’s growth plans set by its US owner, investment firm Silver Lake Partners, and had a tech focus including a need for software engineers, user experience professionals and data analysis specialists.

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