CBRE Lays off Staff in Spain

May 21, 2020
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Consultancy and investment firm CBRE has announced lay-offs of its staff in Spain. It is being reported that around 60 of the company’s 860 Spanish staff members have been let-go from the Architecture, Retail and Residential departments.

According to Idealista News, CBRE claims the redundancies are not related to the economic crisis brought on by Covid-19, but are in fact:

“A planned move according to our planning for 2022” [translated from Spanish]

 

The LA-based real estate consulting giant also let staff go from its Spanish office in 2011 during the financial crisis. The company may be looking to triage its global operations in the wake of a huge fall in stock value from 5-year highs of $64 dollars in early March to $34 on the 20th of March, a drop that to date it has struggled to recover from.

May 21, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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