Property services firm JLL said in November it was looking at operational efficiency as it headed into several slow months of activity in 2023. Now the firm has issued a statement suggesting cuts are on the way.
In a statement, the company said: ‘JLL is continuing measures already underway to align our operational structure with our global transformation and reinforce our focus on managing costs.’
‘These actions include the difficult but necessary decision to make specific roles within our operation redundant.’
‘We are confident that the strength and resilience of our diversified business will enable us to continue to support our people during this uncertain time and deliver long-term value to our clients and shareholders.’
In November, the Chicago-headquartered company said during a presentation on long-term growth strategies that severance costs totalled $21 mln (€19.7 mln) in the first nine months of the year and other employee-related outgonings though it did not directly address job cuts.
The company is undertaking a ‘business transformation’. Chief Resource Officer, Laura Adams, said: ‘You’ve heard us talk today about the business transformation and the journey that we’ve been on. As far as that relates to our people, it has provided us an opportunity to look at ways we can operate more efficiently.'
'Unfortunately, that may have some impact on a small percentage of our people, of which we’ll treat with the utmost of care and respect.’
