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DALLAS-Bill Cawley, president and CEO of Dallas-based Cawley-Wilcox Cos., confirms 25 of 100 jobs have been stripped from the overall operation. Wilcox Development Co. took the bulk of the hit, losing a mix of construction managers, support staff and junior associates assigned to brokerage.

“It was the hardest business day of my life,” Cawley tells GlobeSt.com of the action taken Wednesday. “It was a right-sizing for the economy more than anything else.” Still, it didn’t come without lots of decision wrestling, he says. The development group’s upper-level hierarchy is not changing, but the rapid-growth pace of 30% to 40% for the last decade is over.

In the past decade, the development company has been responsible for building more than three million sf of premier office product in Dallas-Fort Worth and the West Coast. Cawley-Wilcox will be doing less building, as is everyone. Cawley says he doesn’t expect that to change for a couple years. A one-time hoped-for rebound kept the job-cutting decision from occurring earlier in the downturn. The economic facts are such that the time had come to make the decision. “It was just a prudent business move,” he lamented.

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