Property giant Lendlease is slashing 10 per cent of its global workforce, with up to 740 jobs on the chopping block.
The shock announcement comes amid a five-year turnaround plan for the builder to deliver “more sustainable” performance following a bruising few years for the construction industry across Australia.
In an internal memo to staff, Lendlease chief Tony Lombardo said the Australian arm will be reduced by about 5 per cent as part of the recent cuts.
The bulk of the reductions, equating to 15 per cent of the global workforce, will be felt by overseas workers.
It is understood up…
