JLL Singapore cuts over 20 jobs or 1% of workforce; Knight Frank Singapore also lays off staff

[SINGAPORE] About 1 per cent of JLL Singapore’s workforce of more than 2,000 has been retrenched amid the real estate consultancy’s global restructuring exercise, The Business Times has learnt.

Of the more than 20 jobs cut, two research analysts are understood to have been laid off.

In response to media queries, a spokesperson for JLL said the company undertakes “organisational realignment to streamline operations and position the business for long-term growth in a rapidly evolving real estate services market”.