President Donald Trump and the GOP promised that their tax cuts would motivate companies to add jobs.
Yet MGM Resorts, which received $1.4 billion in tax savings, is laying off people instead.
“Casino giant MGM Resorts International says it’s completing planned layoffs with 779 job cuts, mostly in Las Vegas.
CEO Jim Murren told employees the last affected workers would learn Thursday their positions were eliminated.
Company spokeswoman Debra DeShong says the job cuts overwhelmingly affect managers.
A total of 1,070 company employees lost jobs since the first 254 layoffs were announced in April to cut costs and boost earnings by next year.
MGM Resorts has about 77,000 employees and is the largest employer in Nevada. The company says almost all cuts have been in Las Vegas.”
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