Senior Housing Layoffs Begin In 2009 At Erickson

Last week, the Baltimore Sun reported that Erickson Retirement Communities laid off 260 employees and blamed the layoffs on the recession. The company announced that most of the jobs cuts came from positions at its corporate headquarters and included staff in the construction and development areas. This trend seems to follow some of the other senior housing companies who are holding off on new development projects for 2009 as a result of the credit crisis.