Layoffs Ensue After MGM Resorts Closes Las Vegas Strip Over Coronavirus
In an unprecedented move, MGM Resorts International announced that layoffs and furloughs are expected after they’ve begun to close all nightclubs, day clubs, spas, salons and gyms at its Las Vegas Strip properties, due to the coronavirus impact.
The announcements were made this past Friday and Saturday, less than 24 hours after president Donald Trump‘s national emergency declaration, which led to Nevada Gov. Steve Sisolak‘s own state of emergency declaration.
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In addition to MGM, Wynn Resorts has also followed suit. All operations will be suspended effective Tuesday (Mar 17), until further notice; with arrival reservations starting up after May 1. MGM Resorts includes: Bellagio; CityCenter; Excalibur; Luxor; Mandalay Bay; MGM Grand; The Mirage; New York-New York; Park MGM; and T-Mobile Arena.
Furthermore, MGM President and COO Bill Hornbuckle notified employees on Friday in a company-wide letter.
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It states, “As the nation grapples with the effort to contain the coronavirus, the travel industry has been challenged, and our company is no different. Business demand has decreased significantly. In response, we will temporarily close MGM Northfield Park tonight and have suspended operations of all nightclubs and day clubs. Our spas and salons will suspend operations as of Monday.”
Continuing, “We are working diligently to minimize the impact on our employees through furloughs and layoffs which will begin next week. These decisions are never made lightly, and we deeply regret the hardship it will place on these individuals and their families.”
To read the full statement, click here.