Yeah, 63,000 people received notifications from MGM in Las Vegas that they were laid off. They get their Healthcare paid until end of August.
Document: MGM Resorts furloughs could turn into layoffs Aug. 31
This pandemic is killing off Las Vegas. Literally. Figuratively.
https://www.reviewjournal.com/business/document-mgm-resorts-furloughs-could-turn-into-layoffs-aug-31-2021757/
A legal notice sent to many employees Tuesday, obtained by the Review-Journal, is another indication that Las Vegas resort operators are preparing for a significant drop in tourism once the state allows them to reopen. All Nevada casinos have been closed for more than a month because of the coronavirus pandemic.
The notice, which also announced the extension of affected MGM employees’ health benefits from June 30 to Aug. 31, said layoffs may last more than six months or become permanent.
......
During an earnings call last week, Hornbuckle said the company has
furloughed nearly
63,000 workers. According to company regulatory filings, MGM had roughly 70,000 full-time and part-time domestic employees as of Dec. 31.
An accompanying letter signed by President and Acting CEO Bill Hornbuckle said executives “just don’t know how many employees will return to work within the coming months” as travel demand is expected to be “significantly decreased” for the remainder of the year.
......
Employees will remain on furlough status until Aug. 31, then MGM would be allowed to permanently separate them from the company.
Former MGM employee Joseph Guerrero said the news was upsetting. At this point, he believes his best alternative is to search for work in other states.
......
Recent reports back this up. An ongoing study from the University of Florida shows roughly 37 percent of those surveyed in mid-April said they don’t want to rebook canceled trips until two to six months after the virus is contained. Only 6 percent would be comfortable rebooking within a week after the virus is contained.
