MGM Resorts Leads U.S. Travel Sector With Job Cuts So Far in 2019
Photo Credit: A view of the Bellagio hotel and resort in Las Vegas that's owned by MGM Resorts International. The largest job cuts of 2019 by a U.S. travel company came from MGM Resorts, according to data that Challenger, Gray & Christmas. MGM Resorts
Skift Take
The U.S. is enjoying a tight labor market. But not every company is thriving. Data exclusively compiled by outplacement firm Challenger, Gray & Christmas reveals the most notable job cutbacks in 2019 by companies in the hotel, attractions, airline, and airport sectors.
The U.S. travel industry continues to see an overall tight job market, benefiting from a strong economy that drove the unemployment rate to a half-century low, the U.S. Bureau of Labor Statistics reported Friday. But some individual travel companies experienced job cuts tied to retrenchment this year, providing a humbling context to Friday's jobs report.
The year's most extensive job cuts by a U.S. hotel company took place at MGM Resorts International, according to data tallied for Skift by Challenger, Gray & Christmas, an outplacement and career-transitions company.
The Las Vegas-based MGM Resorts International trimmed 2,040 positions through September 2019, according to the data. In January, the casino and hotel operator began to cut costs in an effort that would trim about $150 million a year over two years in labor cutbacks.
In the aviation sector, the largest job loss came at ABM Aviation, a subsidiary of publicly held facility management company ABM Industries. A few
