Thread regarding Brookfield Residential Properties Inc layoffs

Large layoff in the Austin, Texas market.

Been with this company for a long time. Managed several people. I was among 30 people let go yesterday in a "reduction in workforce" move. Rumors about more coming, developments scaling back or even shutting down. Not a positive place to be right now.

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Post ID: @OP+NTWWl6k

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In the closing stages @ Kissing Tree now. Very concerning. Will tell you they are building there now. They golf course is going in. Going to try and get more information and will post what I can confirm.

If you know anyone buying there share this link and we can all be terr informed

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Post ID: @5sya+NTWWl6k

Interesting. A Canadian-based developer and home builder. Too heavily leveraged?

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Post ID: @3siy+NTWWl6k

Something smells awful fishy about this story.

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Post ID: @1lny+NTWWl6k

What will happen to the Kissing Tree development?? Didn't they just open for business? How will they function with a slashed staff? I thought this was going to be a flagship Active Adult Community! This makes no sense to me. What about the people that have bought homes there?

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Post ID: @xmw+NTWWl6k

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