(Toronto) Manulife Financial is cutting about 50 jobs as it makes changes to its real estate operations.
The company explained Thursday that it is changing its real estate operating model in Canada and its regional coverage strategy in North America.
In Canada, the company is moving away from real estate activities to refocus on its investment management activity.
In an emailed statement, Manulife said Canadian workers in real estate operations would switch to JLL in March next year as part of the changes.
She added that she had a short-term contract with JLL for leasing services and would use the services of a range of brokerage firms in the future.
Manulife has more than 38,000 employees.