The credit market and housing downturn has caught up with Portland's Bureau of Development Services as it announces it will lay off 90 workers this year.
The bureau is operating on a $900,000-per-month deficit. Since August, it has drained a $13 million reserve down to $4 million, said Commissioner Randy Leonard, who oversees the bureau.
On July 31, the city will let go 45 people, from managers to administrative staff to building inspectors. Another 45 will get pink slips on Aug. 31. If things don't pick up, the city could lay off another 45 by Dec. 31, Leonard said in an e-mail message Tuesday to employees.
Read the full article at Oregonlive.com.