Up to 30 staff members at Zoopla face potential redundancies, after the business entered a consultation process with employees earlier today.
Zoopla announced the news to employees this morning, with the proposals potentially impacting approximately 30 roles across the business, representing about 4% of total employees at the company.
It is not yet clear which roles at the business are potentially under threat, but a company spokesperson has confirmed that several employees will now enter a consultation process.
A Zoopla spokesperson told EYE: “The proposals could potentially impact roles within a number of teams across different areas of the Zoopla business.”
Redundancies are not a forgone conclusion at this stage, but various role at the business are now “at risk”.
“The consultation process will involve exploring ways of avoiding redundancies,” the spokesperson added. “The exact details of how each team would be affected by the proposals is confidential as we need to respect the consultation processes of individuals in those roles which may be at risk.”
Comments (5)
Probably Jupix staff. Good luck guys.
ZPG is one of 78 companies owned by Silver Lake. Any UK company owned/controlled by a USA fund shouldn’t be surprised when staff are first to suffer. The overlords in California will be insulated from the human effects of this. Best wishes to all affected. Hideous/thoughtless decision to make everyone in the company fear for their jobs. Typical US corporation behaviour though. It will just worsen already-bad morale for everyone even if they’re unaffected. Most of all, this is the loudest alarm bell yet for what the analysts at Silver Lake must be expecting from the market in the coming months. So far Zoopla is a dud investment for Silver Lake. I was invited to their offices not long after the takeover and the atmosphere felt like a mortuary. No vision. Mr Chesterman left his team high and dry after agents shot themselves in the foot coming off Zoopla and choosing RM when OTM launched with their foolish one other portal rule. All the people I’ve come into contact with at Zoopla are great. Such a shame the same can’t be said for their shareholders.
So it is RM fault you cant close a sale ?
Agents kill themselves by not striking against Rightmove.
Also Righmove, 100% of your valuations from your site are useless. People press the button by mistake.
Don’t tell me you’ve sent 30 valuations to me and ive not closed any of them.
STRIKE STRIKE STRIKESTRIKE STRIKESTRIKESTRIKE
So it is RM fault you cant close a sale ?