Here we go again. MGM is laying off roughly 18,000 people on Monday

Question

Thousands of MGM Resorts International employees across the country have received notice that they will be laid off Monday.

The layoffs, which were first made public through a legal notice published in May, affect roughly 18,000 furloughed MGM employees — about a quarter of the company’s pre-pandemic workforce.

It’s unclear how many affected workers are based in Nevada.

A letter signed by MGM President and CEO Bill Hornbuckle was distributed to employees Friday morning, stating the layoffs come as the gaming and hospitality industries continue to face challenges caused by the COVID-19 pandemic.

The company hopes to bring back a number of laid-off workers once business demand picks back up.

Las Vegas Review Journal

Daddy_Freddie · Answer

Thousands of MGM Resorts International employees across the country have received notice that they will be laid off Monday.

The layoffs, which were first made public through a legal notice published in May, affect roughly 18,000 furloughed MGM employees — about a quarter of the company’s pre-pandemic workforce.

It’s unclear how many affected workers are based in Nevada.

A letter signed by MGM President and CEO Bill Hornbuckle was distributed to employees Friday morning, stating the layoffs come as the gaming and hospitality industries continue to face challenges caused by the COVID-19 pandemic.

The company hopes to bring back a number of laid-off workers once business demand picks back up.

Las Vegas Review Journal

Daddy_Freddie · Answer

According to the Las Vegas Convention and Visitors Authority, visitor volume in July was down 61 percent compared with the same period last year. Were bleeding out here in Las Vegas, I tell ya!