REA Group restructures with around 60 redundancies’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.

The restructure includes the marketing department with around six roles impacted, Mumbrella understands.

REA did not confirm the number of roles which would be changing.

REA Group said its priority is focusing on its people during this difficult time, but noted the company is tracking well in tight market conditions.

“REA is implementing a refined structure to align our teams behind our strategy. This structure will increase our speed to market and delivers an increased focus on our customers and consumers,” a spokesperson told Mumbrella.

“REA Group has delivered strong results, demonstrating resilience to difficult market conditions. We continue to manage our operations to deliver the best outcomes for our customers, consumers and shareholders.

“Some roles will be impacted via redundancy, some roles will be redeployed within the business and several new roles will be created. Our priority is to support those people impacted through this difficult time with their individual choices, whether they be job search and career transition programs or other services available through our Employee Assistance Program.”

Mumbrella understands the restructure and resulting redundancies are part of CEO Owen Wilson’s plans to refocus the organisation.

Wilson was promoted from chief financial officer late last year, following the departure of CEO Tracy Fellows.

Rival Domain has also had a wide-ranging restructure under CEO Jason Pellegrino with numerous high-profile departures.


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