Thread regarding Marriott layoffs

Marriott furloughs

Furloughs are starting and 1000s of people will be affected. I really hope this all gets resolved quickly but you never know. This is horrible.

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Post ID: @OP+141tu9AQ

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This is the 1st round it will 2nd round as well

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Post ID: @7dbc+141tu9AQ

What about the Voyage Program. I was given a 1year contract to move to Boston. Now, 1 month into the contract, I’m laid-off and stuck with a 1-year lease. Will Marriott buy out my contract?

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Post ID: @klb+141tu9AQ

Per USA Today:

- Furloughed staff, which includes workers like housekeepers and general managers but not corporate-level employees as of yet, won't be paid during this period but will continue receiving health care.
- According to a company spokesperson, "many" of its furloughed staff are expected to return when the virus is contained, which the White House said in a briefing yesterday might not be until the middle or end of the summer.
- In late February, the company shared that it would close 90 of its 375 China-based hotels and estimated it could lose $25 million per month in fee revenue, though the pandemic has become more of a global crisis since then.
- In Boston, Marriott had to shut down its Long Wharf hotel after an employee tested positive for the virus; the building held a Biogen conference that resulted in many more cases of the coronavirus.
- Marriott International owns over 7,000 properties across 30 different brands and 131 countries.
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Post ID: @zrl+141tu9AQ

How many people are affected by this?

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Post ID: @bnn+141tu9AQ

per the wall street journal this morning

Marriott International Inc., the world’s largest hotel company with nearly 1.4 million rooms world-wide, said it is starting to furlough what it expects will be tens of thousands of employees as it ramps up hotel closings across the globe.
- The company began shutting down some of its managed properties last week, a Marriott spokeswoman said. The employees at these properties won’t be paid while on furlough but the bulk will continue to receive health-care benefits, she said. Marriott is also trimming staff through furloughs at properties that are still operating.
- The staff reductions include everyone from general managers to housekeepers. The Marriott spokeswoman said there has been no layoffs or furloughs at the corporate level but those are “under discussion.”
- Marriott said it expected to bring back as many of the furloughed employees as possible when the virus is contained and business returns. In the U.S., about 130,000 employees are on the Marriott payroll, the company said.
- Marriott’s actions come during what hotel executives and owners say is the toughest lodging environment they have ever seen, as the coronavirus outbreak has led to widespread travel cancellations and government-ordered travel restrictions around the world.
- Occupancy levels at Marriott’s and other hotels throughout the U.S. have plummeted to 20% or lower, and many hotels are in single digits, hotel owners say. As a result, hundreds of hotels across the U.S. are expected to close their doors Tuesday or later this week, and many have already started the process by giving employees notice, owners said.
- For Marriott, which has 30 brands and about 7,300 properties, the move was a stunning reversal after starting the year strong. In January, the company said that it had 515,000 rooms in its global pipeline—its highest number ever —after signing 815 new agreements last year.
- The furloughs come as top hotel executives from Marriott, Hilton Worldwide Holdings Inc. and other lodging companies are scheduled to meet with President Trump at the White House on Tuesday to discuss a government response, including the prospect of financial assistance, according to people familiar with the matter.
- Write to Craig Karmin at craig.karmin@wsj.com
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