Simon Property shrinks workforce during COVID-19 crisis - CNBC [Seeking Alpha]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Financials|ConsumerOn the MoveSimon Property shrinks workforce during COVID-19 crisis - CNBCApr. 1, 2020 3:35 PM ETSimon Property Group, Inc. (SPG)Liz KiescheFaced with the prospect of its tenants not being able to make rent, Simon Property Group (-15.3%The mall owner also laid off some employees permanently.The furloughs will affect full- and part-time workers at its headquarters in Indianapolis and at its malls and outlet centers across the U.S.During the pandemic, CEO David Simon won't receive a salary and salaries of upper management will be cut by as much as 30%.The stocks of many mall and shopping center have dropped in the past few weeks as social distancing efforts force malls to close and many retailers to lay off hundreds of thousands of of workers.Other mall and shopping center declining in late Wednesday trading are: Tanger Factory (SKT-8.1%WPG-22.8%EPR-17.2%SRG-22.3%KIM-10.8%See all stocks on the move »Now read:EPR Properties: A Very Bad Bet »
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SPG
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- 11/1/24 - Miss
SPG
Sec Filings
- 11/14/24 - Form SC
- 11/1/24 - Form 8-K
- 10/8/24 - Form SC
- SPG's page on the SEC website