MGM Resorts announced the intent to layoff 18,000 people–roughly one quarter of their workforce–as the impact of the ongoing coronavirus pandemic continues to strike businesses that rely on in-person patronage, the Associated Press reports.
Coca-Cola will layoff 4,000 employees, primarily through buyouts and attrition, as it undergoes a corporate reorganization, per CNBC. The move will precede additional layoffs.
MGM had furloughed more than 60,000 workers in March as Nevada mandated its casino close to fight the spread of the coronavirus. As casinos reopened, much of that workforce was rehired, but a new wave of infections have forced many of those rehired to be furloughed again.
This comes in the same week American Airlines will layoff 19,000 employees.