State-owned investor Dubai World said on Tuesday it had reduced the number of employees in its corporate services division by 10 percent, or 100 employees.

'This decision covers 100 mid- and lower-level employees of departments that provide general services to the group,' the firm, which controls ports operator DP World, said in a statement.

Several Dubai firms have announced lay offs since a global financial crisis brought to an end a building boom in the emirate.

'The consolidation follows a prolonged period of intense business expansion. In reviewing staffing levels, the group aims to bring new efficiencies in its operations and prepare for future growth opportunities,' it said. - Reuters