Brookfield Properties to Cut 20% of Employees in Retail Unit

Bloomberg, Sept. 22, 2020–Natalie Wong
Brookfield Property Partners LP, a large owner of malls in the U.S., is cutting its workforce as the pandemic batters the retail industry. The job cuts will hit approximately 20% of the employees in the real estate company’s retail arm, according to a memo to staff on Monday. The unit has more than than 2,000 workers.