In a week of layoffs in the US, MGM Resorts adds 18,000 more - Black News Channel

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In a week of layoffs in the US, MGM Resorts adds 18,000 more - Black News Channel

By Matt Ott AP Business Writer MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that rely on healthy crowds of people. The layoffs at MGM, which amount to about a quarter of its U.S staff of about 70,000, caps a wave of job cuts and buyouts this week across a broad array of industries. Economists warn that sizable layoffs will continue and any recovery is likely to falter as long as the virus rages and Congress doesn't come up with additional financial aid for the […]

The post In a week of layoffs in the US, MGM Resorts adds 18,000 more appeared first on Black News Channel.

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