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NEW YORK CITY-Cushman & Wakefield is laying off 200 people around the country, due to a “variety of measures we are implementing to reduce expenses, including a global restructuring, resulting in the elimination of a limited number of jobs worldwide,” a spokesman says in a Crain’s article.

The layoffs are small compared to the firm’s national reach, which is made up of about 6,500 employees. The spokesman also says that the layoffs are not significant when spread across Cushman’s US offices.

In Chicago, where the Crain’s report was generated, there were 20 layoffs, including broker John Simon and the land sales group, which is headed by Peter Block. Simon says that the group will stay together and form its own practice.

For the full Crain’s story, click here.

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