MGM Resorts International announced the lay-offs of 18,000 employees who had been on furlough, making their temporary time-off permanent. The company employs roughly 70,000 people world wide. The company cited the lack of travel, lack of conventions, the additional social distancing, lack of sports where fans can attend and the continued shuttering of some of its main properties in Las Vegas, New York and elsewhere.
“Nothing pains me more than delivering news like this,” CEO Bill Hornbuckle wrote in the separation letter to employees. “The heart of this company is our employees and the world-class service you provide. Please know that your leadership team is working around the clock to find ways to grow our business and welcome back more of our colleagues.”
MGM said it will continue paying for health insurance for the employees it is letting go through September 30.