MGM Resorts fires 26.47% of workers

Electrostatic spraying in public areas throughout MGM Resorts properties.

As Coronavirus continues to wreck havoc with the global travel segment, MGM Resorts International isn’t immune to the economic slowdown. The 18,000 job cuts announced last week start to take effect on Monday 31st August 2020 impacting 1 in 4 of their US workforce.

The furloughs of a majority of staff in March 2020 weren’t enough to save the 18,000 furloughed workers. MGM will extend health benefits for the sacked employees until 30th September 2020. It’s surprising the cuts aren’t higher as WSJ reported MGM Resorts reported a 91% drop in revenue.

MGM Resorts Chief Executive Bill Hornbuckle said they are required by US federal law to send layoff notices to furloughed workers who haven’t been recalled after 6 months. MGM said there are still plans to rehire those workers as business demand returns in 2021.

“While the immediate future remains uncertain, I truly believe that the challenges we face today are not permanent,” Mr. Hornbuckle wrote. “The fundamentals of our industry, our company and our communities will not change. Concerts, sports and awe-inspiring entertainment remain on our horizon.”

Post Tags:

David Iwanow

I have been travelling around the world since I was young and travel is in my blood. I've travelled to almost 40 countries around the world and can now be found based in Amsterdam, The Netherlands. I've visited over 6283 places with 12,449 checkins on Foursquare/Swarm and I'm a level 9 Google Local Guide with 497 reviews and having posted 9,133 photos which have been viewed 59 million times.