MGM Resorts is a global hospitality and entertainment company with more than 74,500 employees working actively on their payroll. Witnessing the present time circumstances, this American giant has sent a letter to its employees disclosing the chances of getting laid off soon.
As per the reports, the company’s letter reads- the entertainment industry is shut since March and is not expected to open before August 31. Therefore, many entertainment employees “will be separated from the company.” Source: Fox Business.
On this, Fox Business interviewed the company. During the interview, MGM Resorts said- “Given that it is unlikely that concerts and other entertainment events will be returning to Las Vegas in the next month, it has unfortunately impacted the employees who support those shows,” Source: Fox Business.
MGM Resorts continued- “We’ve pledged to be as transparent and supportive as possible with employees and are working to reduce the impact and help them moving forward.” Source: Fox Business.
Those who will be separated from the company during such times when unemployment is on the peak will be panic time. Several states like- New Jersey and Nevada have had a jobless rate of 15% in June, which has accelerated to 16.6% in July.
Recently, on this matter, Vital Vegas blog obtained a letter by MGM Resort’s President of Entertainment and Sports, George Kilavkoff which read- “When our properties closed in March, we were hopeful that our closure would be brief, and we would soon be back to entertaining our guests,” Source: Fox Business.
The letter further read- “Based on the health data we now have, we do not believe it will be safe to restart shows prior to August 31, 2020. As a result, we will be canceling the remainder of our August performances.” Source: Fox Business.
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Source: Fox Business