The 65 members of staff at Jones Lang LaSalle's Manchester office are waiting to hear whether redundancies will impact locally after the UK business announced up to 80 cuts across the country.
The firm said in a statement: "Jones Lang LaSalle confirms that in light of the current challenging financial and economic climate, it has taken the difficult but necessary decision to make 60 – 80 redundancies affecting employees based in England.
"These redundancies are part of a wider, strategic cost reduction exercise to ensure the firm's ongoing competitive market position. Where possible the firm will consider redeployment opportunities for staff and will seek to provide any necessary support to those affected during this period of change."
The Manchester office is smaller than several of the other national property services firms in the region such as CB Richard Ellis, DTZ and GVA Grimley, which should help it avoid cost-cutting.