MGM Resorts set to lay off 18,000 employees nationwide

MGM Resorts International will lay off 18,000 furloughed employees nationwide on Monday, company officials said.

In a letter to employees dated today, CEO Bill Hornbuckle said he "understands the impact this will have on these employees and their families," but the uncertain future of the resort industry and drop in business from the COVID-19 pandemic made the move necessary.

It's unknown how many employees in Las Vegas will be laid off. MGM employed about 52,000 people in Las Vegas before the pandemic.