Marriott starts to lay off corporate employees
The company announced a major organizational overhaul on November 4, when it reported third-quarter results
Marriott International announced a global restructuring this week that could result in the departure of hundreds of employees, according to sources within the company, Skift reported.
Key takeaways
- The restructuring affects corporate-level ("above-property") positions, rather than hotel-based roles, and spans the company's global operations;
- In the third quarter, some employees were offered early retirement packages. Others whose roles are being phased out will have the opportunity to apply for internal openings within Marriott, according to three sources;
- On Nov. 4, company officials revealed plans to achieve annual cost savings of $80 million to $90 million from the restructuring. The initiative includes one-time expenses aimed at improving company-wide efficiencies to support long-term growth.
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