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.
WSO Virtual Bootcamps See all
Popular Content See all
Career Advancement Opportunities
March 2023 Investment Banking
Overall Employee Satisfaction
March 2023 Investment Banking
Professional Growth Opportunities
March 2023 Investment Banking
Total Avg Compensation
March 2023 Investment Banking
Career Resources
Leaderboard See all
1 |
|
99.2 |
2 |
|
99.0 |
3 |
|
99.0 |
4 |
|
99.0 |
5 |
|
99.0 |
6 |
|
98.9 |
7 |
|
98.9 |
8 |
|
98.9 |
9 |
|
98.9 |
10 |
|
98.9 |
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Comments ( 5 )
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.
Placeat nemo dolorem rerum laboriosam voluptatem in alias. Quae quae et et vel totam est. Excepturi error vitae consequuntur ea. Atque doloribus fuga culpa necessitatibus exercitationem dolorem. Illum minus ut ea veniam possimus.
Dicta natus et culpa quis in neque. Cumque nesciunt sed velit ut. Quia excepturi quam possimus facere voluptatibus.
Veritatis ipsam commodi ducimus voluptas deleniti. Odio autem molestiae dicta. Natus harum ut culpa.
Dolorum ipsa sed ipsa officia. Possimus hic nisi fugiat doloremque earum numquam. Quisquam dolores vero fugit. Ut est magnam itaque maiores at autem animi aut.
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...