Hilton cuts 20 per cent of global workforce

Worldwide: Hilton Worldwide Holdings has announced it will lay off 22 per cent of its global corporate workforce, equating to around 2,100 jobs.

The company said it is also extending its corporate pay cuts, reduced hours and furloughs for up to three months.

CEO Christopher Nassetta said: “Never in Hilton’s 101-year history has our industry faced a global crisis that brings travel to a virtual standstill. Hospitality will always be a business of people serving people, which is why I am devastated that to protect our business, we have been forced to take actions that directly impact our team members.”

Nassetta told investors last month that it may take two to three years for the company to return to pre-COVID levels of demand.

Hilton’s corporate staff number 9,600 workers globally, while total employees stood at 173,000 at the end of 2019.

Other lodging giants such as Marriott International has extended its furlough until October 2020, and has recently announced that its Times Square EDITION hotel will permanently close this summer.

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