LAS VEGAS (KTNV) — Caesars Entertainment is cutting jobs at its Las Vegas headquarters to save more than $40 million.
The majority of savings will come from eliminating a percentage of its corporate workforce, open jobs and reducing consulting expenses.
All affected employees will be offered severance and company-paid career consulting, according to a statement provided by the company.
This move comes two months after MGM Resorts said it planned to cut positions to help reduce costs.
RELATED: MGM announces plan to reduce labor costs to grow company
Long term, Caesars said it would be hiring employees to support new revenue-generating projects, such as the Caesars FORUM meeting center, scheduled to open early next year.