Dubai developer Nakheel begins large-scale layoffs | ZAWYA MENA Edition:
Developer Nakheel has laid off around 300 staff in recent weeks as the ongoing downturn in Dubai's property market has begun to bite.
A source told Zawya that the layoffs at the government-owned developer of projects such as Palm Jumeirah and Deira Islands have occurred within the past few weeks.
In an emailed statement to Zawya, the developer said: “We continue to enhance efficiencies by implementing policies, such as outsourcing non-essential positions, that are in the best long term interests of our stakeholders.”
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