Bethesda Company Planning to Cut 50 Employees from Headquarters

Real estate investment trust could strew jobs in lead-up to merger

Via Maryland Department of Labor, Licensing and Regulation

A internal genuine estate investment trust has warned a state it could strew 50 Bethesda employees by Oct. 1.

First Potomac Realty Trust on Friday filed a notice about layoffs during a 7600 Wisconsin Ave. headquarters, according to a Maryland Department of Labor, Licensing and Regulation. The association also told a state it could cut 22 employees during a Columbia location.

The proclamation of intensity layoffs follows news that Government Properties Income Trust is appropriation First Potomac in a $1.4 billion transaction approaching to tighten by a year’s end. First Potomac done a partnership agreement open in late June.

In an essay about the intensity layoffs, a Washington Business Journal reported that First Potomac is Greater Washington’s 87th largest open traded company, with about 120 employees.

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