GP Strategies Decreases Real Estate Expenses as they Make a Permanent Shift to Increased Remote Work

prnewswire | October 14, 2020

GP Strategies Decreases Real Estate Expenses as they Make a Permanent Shift to Increased Remote Work
Global workforce transformation solutions provider GP Strategies Corporation reported today it has entered into an amendment to the lease for its headquarters facility in Columbia, Maryland that, effective January 1, 2021, will reduce its space by approximately 22,000 square feet and reduce its rental expense for this office by approximately $750,000 per year. This amendment is part of a global reevaluation of real estate needs, which has resulted in strategic decisions on lease consolidations and office closures over the past year. These actions are expected to result in approximately $2.0M of annual savings in facility expenses for the Company in 2021 compared to 2020.

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Spotlight

Utparasolutions always see the opportunity on cloud we helps with our product for all type of builders and real estate business with a fantastic software structure which is 100% cloud based and will support all type of builder, this service will available for anywhere he travels.