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Business Briefing / REAL ESTATE

Irvine Co. lays off 100 employees

September 20, 2008|From Times Wire Services

Irvine Co. has laid off 100 of its more than 3,000 employees, blaming a weak economy and declining land sales.

The layoffs are the first in 16 years for the Newport Beach-based land developer, Orange County's largest landowner. Irvine Co. Vice President John Christensen called the decision "painful."

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