Trammell Crow to lay off 64 in Bellevue

Seattle Times business staff

Trammell Crow said it is laying off 64 people in its Bellevue office between now and the end of the year as it cuts costs by combining three national accounting offices into two.

The Dallas-based real-estate company said it is shifting accounting work from Bellevue to Dallas and Memphis. One of 20 offices Trammell Crow has in the area, Bellevue will continue to offer project management, building management and brokerage services, with about 36 employees, said George Williams, area manager in Seattle. The company will have more than 280 employees in the area after the layoff, he said.

The cuts are unrelated to the real estate market, he said. Improved efficiency is the goal.

Trammell Crow last month granted cash bonuses of up to $5 million each to nine senior managers if the company hits profit targets in the second half of the year.

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