1. MGM’s Bill Hornbuckle warns of thousands of layoffs in letter to employees amid coronavirus shutdown

    MGM’s Bill Hornbuckle warns of thousands of layoffs in letter to employees amid coronavirus shutdown

    MGM Resorts International is preparing to lay off thousands of workers amid deteriorating economic conditions caused by business closures across its properties due to the ongoing coronavirus pandemic. In a letter obtained by MassLive, Acting Chief Executive Bill Hornbuckle said the company is in the midst of “the most challenging period ever faced" by the company.

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  2. Quotes

    1. However, we are realistic in our understanding that domestic and international travel will remain limited for some time.
    2. We now believe that some of our colleagues may not return to work this year.
    3. The spread of COVID-19 and developments surrounding the global pandemic have had, and we expect will continue to have, a significant impact on our business, results of operations and financial condition.
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