Tuesday 22 September 2020

Brookfield Properties to lay off 20% of retail division

Brookfield Properties, one of the largest mall owners in the country, plans to lay off 20 percent of its retail staff, according to a report by CNBC. Brookfield Properties plans to cut jobs at its retail division because of a decline in business and in new leasing activity. The company said it will make cuts “to align with the future scale of our portfolio,” according to Jared Chupaila, CEO of Brookfield Properties’ retail group in



source https://therealdeal.com/2020/09/22/brookfield-properties-to-lay-off-20-percent-of-retail-division/

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