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 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.
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