Marcus & Millichap plans to lay off 20 percent of its workforce as the publicly traded commercial real estate brokerage goes through a restructuring. The company, which is headquartered in Calabasas and has a market cap of $1.12 billion, revealed its pandemic response plan in a May 11 public filing. Part of the plan was “a reduction of the company’s employee workforce by 20 percent,” which comes to about 175 of an 877-person workforce. The
source https://therealdeal.com/2020/05/27/marcus-millichap-lays-off-20-of-workforce/
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