CBRE Plans Layoffs After Tough 3rd Quarter, Predicts More ‘Painful’ Recession

By Nick Pipitone

In another sign of a weakening global economy, CBRE said in its recent third-quarter earnings call that it plans to cut costs by $400 million, including $300 million in permanent cuts to reduce staffing. CBRE’s CFO Emma Giamartino said during the earnings call that most of the reductions will come in the first quarter of […]

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