Chicago, Illinois-based Laramar Group, a vertically-integrated real business that grows and adapts to the market—from investments and asset management to construction and due diligence, has announced that it closing its property management operations and outsourcing to third-party firms.
The reduction in force will impact 76 employees located in Denver, Colorado, or about 75% of the Denver area workforce.
A company spokesperson noted that the company will adjust to focus on investments and asset management and ends its property management arm.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?