Industry Update
External Article22 March 2020

Marriott furloughs hit the corporate level

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seekingalpha.com

Marriott now intends to furlough about two-thirds of its 4,000 corporate employees at its headquarters in Bethesda, Md., as well as two-thirds of its corporate staff abroad (expected to last 60 to 90 days). During the initial period, furloughed U.S. corporate employees will receive 20% of their salary, which can be put toward health care and other costs, while corporate staff who stay on are subject to 20% pay cuts and reduced workweeks. It comes on top of Marriott's decision to begin furloughing what the company expects to be tens of thousands of hotel staff.

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