Cushman & Wakefield reported a net loss of $100.8 million in the second quarter, down from a $6.3 million profit a year ago. The loss came despite cost-cutting, as $75 million was trimmed for things such as travel, entertainment, events and incentive compensation. “I think most of us would agree that the impact of Covid-19 is unique and certainly different from previous recessions such as the great financial crisis,” said CEO Brett White during an
source https://therealdeal.com/2020/08/06/cushman-wakefield-reports-101m-quarterly-loss/
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