LAS VEGAS (KTNV) — Caesars Entertainment announced furloughs for staff due to the ongoing COVID-19 pandemic.
Thursday, Caesars said it is temporarily moving to a minimum workforce, given the property closures amid the pandemic, to maintain essential operations. Therefore, the company has furloughed around 90% of its employees.
"Given the closure of our properties, we are taking difficult but necessary steps to protect the company's financial position and its ability to recover when circumstances allow us to reopen and begin welcoming our guests and employees back to our properties," said Tony Rodio, Chief Executive Officer of Caesars Entertainment. "The Company entered this crisis with strong operating performance, which, combined with the steps we are taking now, are critical to the future of our company."
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Caesars is taking steps to support its team members through the effects of these actions, according to a press release.
Furloughed employees have been paid for the first two weeks of the closure period, and those employees can use their available paid time off after with Caesars paying health benefit plans through June 30, or their return to work, according to Thursday's release.
