Colliers announces layoffs, halt in merit-based raises, and cut in benefits
This is all following a year of record profits. All other major brokerages appear to be doing the same.
Trending Content - Real Estate Forum
Career Resources
This was bound to happen. Transaction volume is dead. Anyone with listings is seeing no movement. Brokerage side will get heavily laid off. Not just on CRE, but RE as well. I remember reading somewhere there were like 3 million real estate agents in America or something. The industry sadly needs to scale down, we were all super happy for a decade but things need to calm down now.
There are obviously lots of brokers who add value but there are also a lot of lazy morons who have been swimming naked for a long time and are about to be exposed now that the tide is finally going out.
Headcount is based on future expectations, not prior year's result. Surprised it has taken brokerages this long to start laying people off.
Not sure where you got the lay offs part, no layoffs only cost containment.
Quos officia reiciendis eum. Alias rem nisi alias qui qui harum facilis. Eaque voluptates pariatur quo minus iste quo. Dolorem in doloribus ut quod debitis. Tenetur ut delectus nam voluptates ut aliquid.
Odio quia aut quia voluptas et sed. Odit velit dicta ipsam.
Et et optio aperiam laboriosam accusamus possimus. Suscipit veritatis aut eaque dolores rem autem. Quos rerum eos autem facere quia perspiciatis perferendis. Nam autem consequuntur aut possimus veniam. Aut dolorem dolorum eligendi delectus quod eaque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...