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Dubai-based developer Deyaar announced today that it has reduced its workforce by 20%. The Dubai based developer said in a statement the job cuts were “in line with the company’s commitment to align those resources with its current and medium-term business requirements”
Deyaar did not announced the number of jobs that were cut, but it did say the redundancies were the first it has made since the onset of the global financial crisis. The developer said the cuts were “the only such measure carried out by Deyaar since the start of the global financial crisis”.
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