MGM Resorts Has Laid Off 18,000 Employees

18,000 furloughed employees of MGM Resorts will be disappointed to learn through a separation letter that their time with the company is over.

The casino company is laying off the workers as its MGM Empire City remains closed in New York state, as does its Park MGM in Las Vegas.

“Nothing pains me more than delivering news like this,” CEO Bill Hornbuckle wrote in the separation letter to employees. “The heart of this company is our employees and the world-class service you provide. Please know that your leadership team is working around the clock to find ways to grow our business and welcome back more of our colleagues.”

At the start of this year, the company employed 70,000 workers in the U.S. MGM said it will continue to offer health benefits to furloughed employees through Sept. 30.

About 62,000 employees were furloughed in March due to restrictions related to the COVID-19 pandemic.
“While the immediate future remains uncertain, I truly believe that the challenges we face today are not permanent,” CEO Bill Hornbuckle wrote in the letter to employees.

According to federal law, workers are required to be given a separation date if they’re furloughed for longer than six months. Aug. 31 marks six months of administrative separation for the furloughed MGM employees.

Disclaimer: We have no position in MGM Resorts International (NYSE: MGM) and have not been compensated for this article.