Wynn Resorts intends to lay off personnel

Wynn Resorts is considering giving staff at its Las Vegas hotels unpaid leave of absence. More than 16,000 people are employed in the company's Las Vegas hotels, out of a total workforce of more than 30,000 people globally. Wynn provided compensation to 15,000 employees for a period of time, which resulted in a cost to the firm of nearly to $250 million. Nevertheless, the corporation recently said that because there are fewer visitors and continuing COVID-19 cases, some staff would be requested to go on leave without pay. Wynn noted that even though they kept all of their employees when they were closed, they are now staffing to the much lower demand since they are aware of how difficult business volumes have become in Las Vegas. It is unknown how many employees have been placed on unpaid leave, however the corporation has stated that the figure is quite small and represents a single-digit proportion of the overall workforce.

The pandemic epidemic had a significant influence on the Las Vegas market, which is still recovering from its effects. As a result, casinos were closed for over three months until reopening at the beginning of June.

Visitor numbers are lower than typical as a result of travel restrictions that are still in place. As a result, businesses are being forced to come up with cost-cutting strategies. Boyd Gaming has made the announcement that it will lay off thousands of employees, which will affect almost 25% of the company's approximately 24,000 workers. Moreover, more than 200 employees of the Circus Circus casino were laid off.

According to recent reports, the unemployment ra