AM I NEXT? NO LOVE AT CUSHMAN & WAKEFIELD

Chicago, Illinois-based Cushman & Wakefield, a global commercial real estate services firm, has announced the loss of a major contract to provide services at Google-owned properties in Mountain View, California. Other lessers sites in the Bay area are also included.

The contract loss will impact 733 employees with separations in June 25, 2023.

The majority of portfolio management operations will be transitioned to Chicago, Illinois-based JLL with some properties in San Jose transitioning to Dallas, Texas-based CBRE, both large commercial real estate management firms.

According to a company statement,

"Cushman & Wakefield will no longer be providing services to this client, as our contract is ending soon."

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?

AM I NEXT? NO LOVE AT ACTBLUE

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?

AM I NEXT? NO LOVE AT SONDER HOLDINGS

San Francisco, California-based Sonder Holdings, a manager of personal and corporate short-term rentals, has announced a reorganization plan to become cash-positive which will result in a 14% reduction in its workforce.

The personnel realignment will impact approximately 100 employees and be completed by the end of the first quarter.

According to chief accounting officer Chris Berry, “Our strategy hasn't changed in this respect. Our goal is to optimize, and we are continually trying to strike the right balance between demand and rate. Occupancy rate is an output of this optimization effort rather than a goal in and of itself.”

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?