Thread regarding Michigan layoffs

Lineage, a temperature controlled warehouse REIT listed as LINE, has begun job cuts as demand for cold storage slows. The move follows a comprehensive operations review, with the company saying reductions are needed to protect long term success and adaptability. Specific numbers and roles were not disclosed. Shares fell to about 53.72 dollars, down roughly 3 percent, and well below the 78 dollar IPO price from six months earlier. Softer consumer demand and excess inventories among food makers and retailers are contributing to reduced need for cold storage, which is pressuring the business.