I work as Design and Marketing manager for a real estate firm and we are hurting badly. The market has stagnated and sales have all but dried up. This could adjust itself quite quickly or it might drag on for a few years. No one can see into that crystal ball.
My firm, as many others, have had to make a few decisions to ensure survival and these have not been popular. We have lost both our General Manager, (see lady with flowers in the photo - that's me on the left) a wonderful Russian immigrant, who it has been a pleasure to know and also our IT manager. He has since travelled to Australia and fortunately has found a great job there.
Fingers crossed there are no more redundancies.