Boyd Gaming Corp. has followed through with a warning issued to employees nationwide back in May and is laying off an estimated 25 percent of its workforce.
“While we have been able to reopen most of our properties we are still facing significant restrictions on our business, and visitation levels remain well below pre-pandemic levels,” the company said in a statement. “Given these ongoing challenges and (the) continued uncertainty, we are moving forward with permanent layoffs of team members who were still on furlough and had not been recalled to work.”
The company did not specify how many employees will be affected, but with a total workforce of around 25,000, the job losses could exceed 6,000.
In compliance with federal law, warning letters went out in early May to employees at the company’s 29 casinos in 10 states notifying them that cuts were being contemplated that could affect 25-60 percent of the workforce.
This was at a time when much of Boyd’s staff had already been furloughed in response to the nationwide economic shutdown. In April, the company’s top executives took “significant salary reductions,” director compensation was suspended, and the salaries of property-level management were cut.
Boyd has reopened all but three of its casinos𑁋Eastside Cannery and Main Street Station in Las Vegas and Eldorado in the Las Vegas suburb of Henderson𑁋but with limited amenities and capacity restrictions in compliance with state and local requirements.
