Over the past few weeks, as rival brokerages enacted furloughs and pay cuts, Core employees continued to work full-time for full pay. Some hoped that the Related Companies’ partial ownership in the boutique brokerage would insulate it from the economic fallout of Covid-19. But on Thursday, the residential firm laid off about 40 percent of its staff, or 10 of approximately 25 staffers, sources said. It reduced pay for those who remained. Several sources said
source https://therealdeal.com/2020/04/24/boutique-brokerage-core-lays-off-40-of-staff/
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