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.
Advertisement
Related Stories
Hamlet Homes' Mike Brodsky on Finding Successors and Letting Go
A transition that involved a national executive search, an employee buyout, and Builder 20 group mentorship to save the deal
Time-Machine Lessons
We ask custom builders: If you could redo your first house or revisit the first years of running your business, what would you do differently?
Back Story: Green Gables Opens Up Every Aspect of its Design/Build Process to Clients
"You never want to get to the next phase and realize somebody's not happy."
