Industry Update
External Article23 June 2020

Hilton Lays Off 22 Percent of Global Corporate Staff, Extends Furloughs, Pay Cuts

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Hilton Worldwide is cutting its global corporate staff by 22 percent, representing 2,100 people, and extending for another three months the furloughs, reduced hours and pay cuts that were announced in late March, the company announced on Tuesday.

The moves are a result of the devastating effects of Covid-19 on the hospitality industry, according to Hilton, and follow related announcements made by Marriott International and Hyatt Hotels Corp. in recent weeks.

"Never in Hilton's 101-year history has our industry faced a global crisis that brings travel to a virtual standstill," said Hilton president and CEO Christopher Nassetta 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."

Read the full article at businesstravelnews.com

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