Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Brookfield Cuts 400 Jobs: Ominous Sign for Shopping Malls?

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

-Brookfield Property Partners is cutting 20 percent of its workforce, an ominous sign that shopping malls might not bounce back from Covid anytime soon. The roughly 400 job cuts, centered in Brookfield’s 2,000-person retail division, come after the company reported collecting just 34 percent of rents owed across the 180 malls and retail properties in…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!