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Irvine Co. lays off more workers

July 09, 2009|By Alan Blank

The Irvine Co. laid off an undisclosed number of workers last week as part of a plan the company announced in September to reduce its staff by 3%.

As a real estate developer and the owner of several retail and residential properties – all industries hit particularly hard by the recession – the company has reduced its workforce in order to streamline, according to company spokesman Gary Delsohn.

“Obviously we’re in the worst economic downturn anyone can remember,” Delsohn said.

One source familiar with the company’s operations said that the company shed 22 employees last week, but company officials would not confirm that number.

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The Irvine Co. owns retail malls Fashion Island and the Irvine Spectrum as well as dozens of local apartment communities like The Enclave in Costa Mesa and Promontory Point in Newport Beach.


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