Cushman & Wakefield reported a decrease in revenue and a net loss for the first quarter of 2023. Revenue decreased by 4% to $2.2 billion, and the company experienced a net loss of $76.4 million, compared to a net income of $45.5 million in the same quarter of the previous year. The decline was primarily due to lower brokerage revenue, particularly in Leasing and Capital Markets, although Property, facilities and project management grew. The company is focused on operating efficiency and cost savings initiatives to navigate the challenging environment.