Hyatt has confirmed plans to layoff approximately
1,300 people around the world.
The hotel company is planning to restructure roles
across its global corporate functions, beginning 1 June.
“COVID19 has thrown our industry into unknown
territory,” said Mark Hoplamazian, President and Chief Executive
Officer, Hyatt. “While parting ways with our colleagues is
excruciating, we must be sensitive to commercial realities so we
can continue to fulfill our purpose of care over the long term –
through this pandemic and for what lies beyond. Our goal is to
emerge from this crisis with strength, and ultimately position our
business and our world-class teams for when the hospitality
industry rebounds and when our guests and customers once again
Hyatt has said that those staff who are laid off will
be eligible to receive severance pay, outplacement services, and
benefits commensurate with their years of service.
Those experiencing pressing financial hardships
may also be able to seek financial support from the Hyatt Care