Las Vegas is being hit hard by layoffs. In the case of Wynn, management makes every effort to prevent laying off workers by reducing work hours and other belt tightening measures. MGM Mirage management, on the other hand, does not consider making any personal sacrifices and has decided that all the others underneath them shouldn't either, so they have no compunction in letting hundreds of workers go. Different philosophies which are reflected in MGM's declining employee morale, local patronage and share price.
Sunday, March 15, 2009
Capitalism at its finest
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2 comments:
Least you will have more friends on the street. Hell you could start up a really good Homeless Home Game soon.
The recession sure is nice for those vacationing in Las Vegas. Last trip, my brother got free rooms at Bellagio and Encore AND got free slot money at both places.
Tight times bring out the true colors in a lot of businesses. Good to see that at least some are trying to do the right thing.
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