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LAS VEGAS (KTNV) – MGM Resorts International plans to continue its cost reduction initiative, which includes the removal of approximately 1,000 positions within the company by June.
This number includes the 254 previously announced positions that the company eliminated last week, according to a
report
.
RELATED:
MGM Resorts will lay off hundreds of future managers and others
In January, MGM announced its intention to reduce its costs to contribute to the growth of the company under a program called "MGM 2020".
The program is intended to lay the groundwork for the digital transformation of the business and MGM hopes that this will result in a 3% reduction in labor costs.
Earlier, Jim Murren, president of the company, wrote in a letter distributed to employees, including:
"We need to create a streamlined, agile and empowering company. These impacts are felt throughout society and it is a global change that is transformative. "
According to Murren's letter, the decisions taken under MGM 2020 aim to strengthen and strengthen society for the years to come.
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