NewsBite

Rear Window

Mark Di Stefano

REA slashes tech team with price war on the horizon

News Corp’s digital real estate business will slash numbers from its 500 tech developers, with jobs shifted to India.

Nerves get rattled when the head of HR addresses a town hall meeting. They were at REA staff’s get-together on Thursday when the new chief people officer, Elisa Nerone, took to the mic with chief technology officer Steve Maidment.

The pair told those gathered that the News Corp-controlled digital real estate company would cut jobs from the tech team. According to one person present, it could be around 15 per cent of the unit, part of a major cost-cutting restructure that involved offshoring roles to India.

Loading...
Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com

Read More

Latest In Media & marketing

Fetching latest articles

Most Viewed In Rear window

    Original URL: https://www.afr.com/rear-window/rea-slashes-tech-team-with-price-war-on-the-horizon-20250703-p5mccm