Warning: file_exists(): File name is longer than the maximum allowed path length on this platform (260): C:\zpanel\hostdata\zadmin\public_html\forexbr_com_br/wp-content/cache/supercache/www.forexbr.com.br/2020/03/22/the-wall-street-journal-marriott-to-furlough-thousands-of-corporate-employees-as-payroll-cutting-push-expands/meta-wp-cache-129c8c3af159aa760c04b34fb0d08465.php in C:\zpanel\hostdata\zadmin\public_html\forexbr_com_br\wp-content\plugins\wp-super-cache\wp-cache-phase2.php on line 71 The Wall Street Journal: Marriott to furlough thousands of corporate employees as payroll-cutting push expands – Forex Brasil

The Wall Street Journal: Marriott to furlough thousands of corporate employees as payroll-cutting push expands

Marriott International Inc. plans to furlough thousands of corporate employees at its headquarters and other cities around the world, the company confirmed to the Wall Street Journal, continuing a massive shrinking of payroll this week.

See:Marriott withdraws guidance for 2020 amid pandemic, eliminates dividend

A Marriott spokeswoman said that the company was furloughing about two-thirds of its 4,000 corporate employees at the company’s Bethesda, Md., headquarters. Marriott is also furloughing about two-thirds of its corporate staff abroad, though the spokeswoman said she couldn’t immediately provide the number of Marriott MAR, +11.65% corporate overseas jobs.

Reuters
Signage at the Marriott Marquis in New York.

The moves come in response to the plunge in global travel as the coronavirus continues to spread.

An expanded version of this report appears at WSJ.com.

https://www.wsj.com/articles/marriott-to-furlough-thousands-of-corporate-jobs-in-u-s-and-abroad-in-response-to-travel-collapse-11584834631?mod=searchresults&page=1&pos=5

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