Hilton Worldwide Lays Off Almost a Quarter of Its Corporate Workforce
Faced by a travel industry still depressed by the effects of the COVID-19 pandemic, Hilton Worldwide Holdings (NYSE: HLT) announced today it's terminating 2,100 employees from its corporate payroll, reducing the number of people working on this side of the business by approximately 22%. The hotel company says it is also leaving other money-saving measures in place for up to three more months.
Back in late April, Hilton Worldwide took extraordinary measures to safeguard guests from the risk of coronavirus infection. Allying with Reckitt Benckiser (LSE: RB), the maker of Lysol and similar cleaning products, the hotel began employing ultraviolet disinfection, cleanliness seals on room doors, and other measures in an effort to reassure potential guests.
Image source: Getty Images.
Source Fool.com
