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Published on Wednesday, September 9, 2020

Marriott lays off hundreds of HQ workers



Hotel giant Marriott is shrinking its HQ workforce by hundreds due to the collapse in travel caused by the Covid-19 pandemic.


It is laying off more than 600 employees at its Bethesda, Md, headquarters starting from next month.


Marriott has about 4,000 workers at its headquarters.


The company already announced a major workforce reduction before the summer with buyouts offered to both hotel and non-hotel staff, and many more on reduced hours until October.





The Covid-19 pandemic is having a 'more severe and sustained' financial impact on its business than 9/11 and the 2008 financial crisis combined, Marriott said in May.


A total of 673 workers will go starting from 23 October, it said.


The Covid-19 crisis and downsizing does not impact its planned move to a new HQ in downtown Bethesda, said Marriott spokesperson Connie Kim.


Marriott's second quarter earnings were its worst ever with revenues down 72% from the previous year, resulting in a net loss of $234 million.


 


Written by Ray Montgomery, US editor

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