Even Hotel Giants Have Slashed Jobs – Hilton Cuts Nearly a Quarter of Its Corporate Workforce: Will It Regret the Deep Layoffs?
Hilton will lay off 2,100 corporate roles — or about 22 percent of its corporate workforce — around the world, the company announced this week. The company also said it would extend previously announced furloughs, reduced hours, and pay cuts by 90 days.
“Never in Hilton’s 101-year history has our industry faced a global crisis that brings travel to a virtual standstill,” Hilton CEO Christopher Nassetta said in a statement. “Hospitality will always be a business of people serving people, which is why I am devastated that to protect our business, we have been forced to take actions that directly impact our team members.”