Property Giant Lendlease to Lay Off 740 Employees

A general view of residential and business property from the suburb of Kirribilli in Sydney, Australia, on May 8, 2021. Lisa Maree Williams/Getty Images

Lendlease is cutting 10 percent of its global workforce as the real estate giant works to implement a five-year turnaround plan.

A Lendlease spokesman on Tuesday confirmed the company will lay off about 740 people.