PulteGroup Inc., the country's second-largest home builder by annual sales, is terminating as many as 10 executives at the divisional president level or higher as part of a management-consolidation plan.
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, in 27 divisions.
The move comes as the country's home builders struggle to generate profits amid weak demand and a particularly disappointing spring selling season.
Bloomfield
2 comments:
Any names of execs released?
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Philippines property
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