Hyatt to restructure and lay off 1,300 workers

FILE PHOTO: The window curtains are uniformily closed at a Hyatt lodge that’s fully closed to visitors in the course of the coronavirus illness (COVID-19) outbreak, in Washington, U.S. Could 8, 2020. REUTERS/Jonathan Ernst

(Reuters) – Hyatt Resorts Corp (H.N) mentioned late Monday it could restructure roles and lay off workers throughout its operations worldwide, which might influence about 1,300 employees, amid a digital halt in world journey to curb the unfold of the coronavirus pandemic.

“As a result of historic drop in journey demand and the anticipated sluggish tempo of restoration, Hyatt has made the extraordinarily troublesome determination to implement layoffs and restructure roles throughout its world company features, starting June 1, 2020,” Hyatt mentioned in a press release

Reporting by Rama Venkat in Bengaluru, Modifying by Sherry Jacob-Phillips

Our Requirements:The Thomson Reuters Belief Ideas.

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