PropertyGuru lays off 79 employees amid ‘comprehensive review’ of operations

SINGAPORE: The Singapore-basically based PropertyGuru Team will cut Seventy 9 jobs as it undergoes organisational adjustments.

The layoffs were launched in a letter despatched to workers on Tuesday (Feb 27) by PropertyGuru Team CEO and managing director Hari V Krishnan.

“We’re mission a complete review to re-architect our organisation, guaranteeing we focal level our investments on corporations in step with their market doubtless,” Mr Krishnan wrote in the letter, which was later revealed on the firm’s web characteristic.

“This entails persevering with to adapt our organisational constructing, workers composition, operational processes and smartly automating where that it’s doubtless you’ll perchance well factor in, guided by a clear focal level on our identified priorities.”

As phase of this course of, PropertyGuru will discontinuance “operationally non-scalable and non-winning corporations”, he stated.

These embrace two of their 9 branches in Vietnam connected to their marketplace alternate.

The firm will moreover consolidate technology provide and serve customer serve by “redesigning roles across marketing, product and endeavor gross sales”, he added.

“Volatile market prerequisites and changing customer needs require us to adapt our approach so as that we are able to continue to develop sustainably,” Mr Krishnan stated.

“It’s extraordinarily main that we periodically reassess our growth and steal proactive steps to future-proof our alternate.”

“This selection was made after careful and function identification of the roles for PropertyGuru’s subsequent phase of teach,” he added.

The Seventy 9 laid-off workers characterize about 5 per cent of PropertyGuru’s whole workers.

To boot to Singapore and Vietnam, PropertyGuru moreover operates in Malaysia and Thailand. It beforehand operated in Indonesia as smartly.