The firm has written to staff below managing director level, inviting them to apply for an enhanced voluntary exit scheme

Vistry has not specified the number of roles impacted, emphasising the programme offers options for employees amid operational changes.

The move comes weeks after new chief executive Adam Daniels paused the group’s share buyback programme and warned first-half profits would be “significantly lower” than last year.

Vistry is battling with slower private housing demand, rising build costs and pressure on margins after using discounts and incentives to shift completed and near-complete homes.

In a new focus to cut debt, the group said last month it had tightened cash controls, slowed work on some sites to match private sales rates and raised hurdles for land buying.

According to the Times, Daniels told staff the redundancy scheme was aimed at employees who “feel less connected to Vistry’s direction or less certain about their future here”.

He said the programme could be the “right outcome for both the individual and the business, while supporting Vistry as we continue to move forward”.

Daniels is carrying out an operational review of the business, with findings due no later than the interim results on 24 September.

A Vistry spokesperson said: “We have made it clear that we are prioritising cash generation and are taking decisive steps to reduce debt levels.”

Vistry has said the cash-saving actions should cut average net debt sharply in the second half and leave the business with net cash of more than £100m by the end of December.

The group’s forward order book stands at £4.5bn, with £2.3bn due for delivery this year.