Rennie lays off 31 employees from real estate firm, cites ‘changing market’

A prominent Vancouver real estate company is laying off 31 employees, citing geopolitics, artificial intelligence and other industry upheavals.

Greg Zayadi, president of Rennie & Associates Realty Ltd., said the size of the company’s home office team is being reduced by 25 per cent from 123 to 92 people. The company has a total staff of over 400, according to its website.

Zayadi said in a May 8 post on LinkedIn that it “was a necessary step in response to a changing market, but that doesn’t make it any less painful. The individuals leaving us are thoughtful, talented contributors who have helped shape our culture and our business.”

He

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