NEW YORK – (Realty News Report) – The International Council of Shopping Centers, which presents one of the world’s largest commercial real estate trade shows, has laid off a significant portion of its headquarters staff, according to news reports.
ICSC produces the annual ReCon convention, drawing thousands of commercial real estate professionals to the Las Vegas Convention Center.
According to a filing at the New York state Department of Labor, ICSC is laying off 65 employees at ICSC headquarters, reports CoStar News.
“ICSC has made the difficult decision to reduce the size of our team. The decision was necessitated by the impact of COVID‑19 on our operations,” ICSC President and CEO Tom McGee wrote in a letter to the organization’s members.
On its website, ICSC explained the ReCon show cancellation thusly: “The decision to cancel RECon as well as other ICSC events that were scheduled to take place before September 30, 2020, was made to explicitly protect the health, safety and well-being of our members, attendees and exhibitors. It was reached after diligently monitoring and evaluating the current nationwide public health situation, action and direction of the CDC, and local and national authorities, along with extensive discussions with ICSC’s Chair, Vice Chair, Executive Board and member volunteers. Your RECon 2020 registration fee can either be rolled over to RECon 2021 or you can receive a refund.”
June 11, 2020 Realty News Report Copyright 2020