MAR Marriott International Inc

   By Dave Sebastian 
 

Marriott International Inc. plans to lay off 673, or roughly 17%, of corporate employees at its headquarters in late October amid the Covid-19 pandemic, according to a company spokeswoman and a layoff notice with the Maryland Department of Labor.

The world's largest hotel operator in May said it expects significant layoffs of non-hotel staffers later this year. It has furloughed about two-thirds of corporate employees at its Bethesda, Md., headquarters, along with some hotel-level staffers.

The company plans to bring back some furloughed associates later this month, said Connie Kim, a Marriott spokeswoman.

The hotel industry is suffering through its worst period in modern times, as the pandemic has led to world-wide cutbacks in business travel and cancellations of conference events. Chief Executive Arne Sorenson called the June quarter, for which Marriott reported a $234 million loss, "the worst quarter we have ever seen by far."

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

September 09, 2020 16:04 ET (20:04 GMT)

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