As part of its multi-year effort to consolidate its management structure, PulteGroup will eliminate as many as 10 executives at the divisional president level or higher, according to a Wall Street Journal report. The cuts come several months after Pulte downsized its operations from six regions to four and eliminated the COO position.
WSJ said the total number of layoffs has yet to be determined. At the end of last year, the builder had 4,363 employees, about one-quarter the number it had during the real-estate boom.
Read the full report at: http://online.wsj.com/article/SB10001424052748703730804576319812244298864.html.