T
he National Association of Realtors is undergoing a major restructuring effort, eliminating 61 jobs as part of its strategy to reduce costs and improve support for members and consumers. The cuts include 41 existing positions and 20 open roles that can be integrated into other departments. Affected areas span nearly a dozen departments, including Member Engagement, Research, Finance, PR, and Creative and Content Strategy.

    New leadership additions and promotions have also been announced, with notable appointments including chief financial officer Matthew Cenedella, special advisor Sherry Chris, and senior vice president of industry relations Jarrod Grasso. Chief Advocacy Officer Shannon McGahn has been promoted to executive vice president, while Mark Birschbach has taken on the role of executive vice president for strategic business, innovation, and technology.

    The move aligns with previous statements from NAR President Kevin Sears and CEO Nykia Wright, who emphasized the need for a leaner operation and improved member value. Wright stated that the industry is changing and it's essential to lead and adapt, investing in the right people, processes, and technology while maintaining fiscal responsibility.