AMINEXT? NO LOVE AT MARCUS & MILLICHAP

Calabasas, California-based Marcus & Millichap, a commercial property real estate brokerage, has announced that it will lay off 175 full time employees in response to a reduction in commercial real estate activities. The decision was driven by a need to protect the company's balance sheet. Brokers, whose income is based on commissions will not be affected.

According to a company spokesperson, “Having been through many downturns in our 50-year history, we are confident MMI will gain share by providing exceptional client services through this cycle and achieve its long-term growth plans.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?