- American City Business Journals•10 months ago
Homebuilders Standard Pacific Corp. and Ryland Group Inc. plan to cut about 10 percent of their combined workforce after their $5.2 billion merger closed Thursday. The merged company, now called CalAtlantic Group Inc.(CAA), will lay off workers in the coming months because of overlapping staff in nine divisions, spokeswoman Danielle Tocco told the Los Angeles Times. CalAtlantic, which has operations in 17 states, will maintain its headquarters in Irvine and northern Virginia, while Ryland’s Westlake Village headquarters will close.
- Los Angeles Times•10 months ago
Southern California home builders Standard Pacific Corp. and Ryland Group Inc. expect to lay off about 10% of their newly combined workforce after the companies' $5.2-billion merger closed Thursday.