Marriott to lay off 17% of corporate workforce

Marriott sign
The lay offs would amount to 673 employees at its corporate headquarters. Photo Credit: Shutterstock

Marriott International intends to lay off in October 673 workers, or about 17% of its corporate workforce, the company confirmed to the AP on Wednesday.

The company currently has about 4,000 employees at its Bethesda, Md., headquarters. Bethesda Magazine first reported the news.

In March, the company announced furloughs and reduced work schedules to begin in April, due to the negative effects of Covid-19 on the travel industry, and at the end of May extended them through Oct. 2.

The company reported a second-quarter revenue per available room decline of 84.4% year over year, coupled with a net loss of $234 million. 

While Marriott reported that Greater China had been leading the company's recovery, CEO Arne Sorenson also noted during the second-quarter earnings call that some corporate travel had begun to return.

Source: Business Travel News


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