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Published on Thursday, June 18, 2020

Hilton cuts more than 2,000 corporate jobs






Hotel giant Hilton has cut 2,100 corporate jobs due to the impact of the Covid-19 pandemic.


That is more than 20% of all corporate positions globally as business and leisure travel demand remains muted.


It hasn't disclosed exactly how many jobs have gone at Hilton's corporate HQ at McLean, Virginia and other offices globally.


Hilton employs about 10,000 in corporate positions.


"Never in Hilton's 101-year history has our industry faced a global crisis that brings travel to a virtual standstill," said Hilton CEO, Christopher Nassetta.


Hilton said it would also it extend previously announced furloughs and pay cuts for some staff for another three months.


Rivals Marriott and Hyatt have announced similar measures to shore up their businesses with occupancy rates at historic lows.


Occupancy rates are slowly ticking up but are still only a fraction of normal levels.


Hospitality analytics firm pegged occupancies at just 32% in mid-May.


 

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