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You are here News Economy MGM Resorts will lay off 18,000 of its furloughed employees starting next week

MGM Resorts will lay off 18,000 of its furloughed employees starting next week

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MGM lays of 18000

On Friday, MGM Resorts International told its staff it would lay off 18,000 of its furloughed employees in the US starting on Monday.

According to a letter sent from CEO Bill Hornbuckle to MGM Resorts employees, the company employed 52,000 full-time and 18,000 part-time workers in the US as of late last year, Reuters reported.

"Federal law requires companies to provide a date of separation for furloughed employees who are not recalled within six months. Regrettably, August 31, marks (that) date," Hornbuckle said.

Hornbuckle said that laid off employees will remain on the company's recall list and will retain benefits and seniority if they are rehired by the end of next year.

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