LDG Development reduced its employee count in a layoff event that began Oct. 6, the Louisville-based housing developer’s chief operating officer, Jenny Heitkemper, said Oct. 9. Heitkemper described the cuts as a “significant layoff event” and cited current market conditions as the reason. Headquartered at 535 S. Third St. in downtown Louisville, LDG develops both market-rate and affordable housing. The company did not provide further details in its statement about the reductions.