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.
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.