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Brookfield Cuts 400 Jobs: Ominous Sign for Shopping Malls?

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-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…

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