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Hotel chain Hilton Worldwide Holdings said on Tuesday it would cut 2,100 corporate roles globally in response to the coronavirus outbreak. The company also said it is extending the previously announced furloughs, reduced hours, and corporate pay cuts for up to an additional 90 days. Earlier this month, AP reported that Hilton was one of …
Hotel chain Hilton Worldwide Holdings said on Tuesday it would cut 2,100 corporate roles globally in response to the coronavirus outbreak.
The company also said it is extending the previously announced furloughs, reduced hours, and corporate pay cuts for up to an additional 90 days.
Earlier this month, AP reported that Hilton was one of a number of hotel chains upping their standards for cleaning and disinfecting in response to the global COVID-19 crisis.
Shares of Hilton were up by 1.6 percent, or $1.25, at $78.71, in noon trading.
Last month, fellow hotel chain Hyatt announced a round of layoffs because of the coronavirus pandemic.
