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Caesars Entertainment announces job cuts, reducing expenses

Posted: 10:48 PM, Mar 14, 2019
Updated: 2019-03-15 06:10:59Z
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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.