The commercial real estate industry’s biggest service firms continue to slash expenses as the economic slowdown squeezes their business. JLL and CBRE recently made layoffs and budget cuts to trim costs as revenues from business lines such as office leasing and property sales continue to dwindle, according to sources and company disclosures. Chicago-based JLL, the second-largest commercial real estate services firm with a market cap of $5.8 billion, made a round of national layoffs in
source https://therealdeal.com/2020/10/30/jll-cbre-keep-cutting-as-recovery-drags/
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