Redundancy process under way at Reapit – London Wallet

EYE has learned that a redundancy process has begun at Reapit – the end-to-end business technology provider for estate agencies.

A well-connected source has told EYE that the company has been forced to make some very difficult decisions to ensure the continued strength of business in these challenging economic times.

We understand that Reapit is making at least half of its software sales team redundant, although it is not yet clear if any further job cuts are planned, and how this affects the wider business.

EYE approached Reapit for a statement, but the company refused to comment specifically on the news that staff are at now at risk of redundancy.

Mark Armstrong, Group CEO, was instead keen to highlight the fact that the number of staff members employed by Reapit increased last year, while there are currently job vacancies – in other areas of the business – available.

Armstrong told EYE: “We do not comment on the details of organisation structure or design. However, we can confirm that despite the uncertain economic conditions we recruited 65 new people during 2022 and have five roles currently open on www.reapit.com/careers . We are continuing to grow our workforce and invest in our products and services to better serve our customers and the market.”

Reapit make changes to senior management team structure