CB Richard Ellis Inc. restructures nationally - Los Angeles Business from bizjournals:

ekaterinaiuvo.blogspot.com
Robert W. McGrath, spokesman for CB Richar d Ellis (NYSE: CBG), declined to disclose the exact number of workers beinglaid off, citing federal regulations. McGratyh described the layoffsas “modest.” He also said the company wouldx disclose more information about the layoffs in its third-quartet earnings. John M. Germano, executive managingy director for CBRichard Ellis’s mid-Atlantic region, said in an e-mailed statement to the , a sister publication of Los Angelees Business: “Like the rest of the commercial real estats industry, CB Richard Ellis is operating in an extremelyg challenging environment.
We must act decisively to ensurew we’re in the best position to accomplishuour goals, both now and when the economy turns.” In the company reported net income for its secone quarter of $16.6 million, down from $141.1 million for the same quartere of 2007.