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Tag Archives: job cuts

US – MGM’s 2020 vision described as a ‘blood bath’ as 254 lose jobs

MGM Resorts’ decision to axe 254 members of staff as it looks to reduce its wage bill by $13m has been described as a ‘blood bath.’ The Las Vegas-based operator had announced an initiative in January called MGM 2020 whereby it would look to boost operating cash flow by $200m to as high as $3.9bn…