Marriott Hotels Set To Lay Off Tens Of Thousands

USA Today reports:

Marriott International is poised to place tens of thousands of employees on furlough as the hotel giant reels from the coronavirus outbreak. The travel industry is grappling with a tidal wave of cancelations as Americans heed public warnings to stay home to prevent the spread of COVID-19.

Marriott, which had about 174,000 employees globally at the end of 2019, said the furloughs will affect all types of workers. They won’t be paid their salaries during their time away from the company, but they will receive health care benefits.

“As travel restrictions and social distancing efforts around the world become more widespread, we are experiencing significant drops in demand at properties globally with an uncertain duration,” Marriott said in a statement.