Hilton Worldwide Holdings announced it is cutting 2,100 corporate employees, as the hospitality company deals with “unprecedented challenges for the travel and tourism industry.”
The company also said it is extending previously announced furloughs, reduced hours and corporate pay cuts for up to an additional 90 days.
“Never in Hilton’s 101-year history has our industry faced a global crisis that brings travel to a virtual standstill," Hilton’s President and CEO Christopher Nassetta said in a statement.
Nassetta said he’s devastated that in order to protect the business “we have been forced to take actions that directly impact our team members.”
The hotel industry has taken a massive hit because of stay-at-home orders during the pandemic.
Data from hospitality analytics company STR found that only 21.6% of hotel rooms in the US were occupied between March 29 and April 4.
The data shows occupancy levels have improved since then, but that “year over year declines remain significant.”