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First Potomac Cutting More Than Half of Staff Ahead of Acquisition

The REIT will let go 50 Bethesda, Md.-based employees and 22 employees in Columbia.

First Potomac Realty Trust plans to lay off more than half its workforce ahead of the Bethesda-based real estate investment trust's acquisition by Government Properties Income Trust, according to a notice it submitted to Maryland's labor department. First Potomacfiled a Worker Adjustment and Retraining Notification notice Friday that it will shed 50 of its Bethesda-based employees and another 22 in Columbia, effective Oct. 1.

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