Lendi Lays off 100 employees


Commonwealth Bank-backed mortgage broker Lendi has kicked off a sweeping restructure of its business, including axing up to 100 roles as the home loan market continues to slow.

Lendi Group CEO David Hyman has cooled fears of significant redundancies at Aussie Home Loans amid reports that up to 100 staff have been let go.

Last week Mortgage Business revealed that long-serving Aussie staffers David Smith (CEO lending), Liz Fowler (head of home lending), Brett Graham (head of operations), Cameron Baseley (Queensland state manager), and Glen Edwards (Victoria and Tasmania state manager) left the company this week as part of a major restructure.

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