MGM Resorts International Announces Mass Layoffs Amid Coronavirus Pandemic Slowdown

LAS VEGAS, NEVADA - AUGUST 28: Visitors walk on a pedestrian bridge between MGM Resorts International properties New York-New York Hotel & Casino and MGM Grand Hotel & Casino on the Las Vegas Strip amid the spread of coronavirus (COVID-19) on August 28, 2020 in Las Vegas, Nevada. MGM Resorts International will lay off 18,000 furloughed employees in the United States on Monday as the resort industry struggles to recover from the pandemic. The move was necessary since federal law requires companies to lay off furloughed workers after six months. Before hotel-casinos shut down in March, the company had 68,000 employees nationwide, including 52,000 in Las Vegas. MGM Resorts said laid-off employees could be brought back as business demand returns. (Photo by Ethan Miller/Getty Images)