MCLEAN, Va. – Hilton has announced additional measures to reduce its cost structure, including the reduction of approximately 2,100 corporate roles globally, and the extension of previously announced furloughs, reduced hours, and corporate pay reductions 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. Hospitality will always be a business of people serving people, which is why I am devastated that, to protect our business, we have been forced to take actions that directly impact our team members,” Hilton CEO and president Christopher J. Nassetta. “Our company’s spirit has always been grounded in a culture that supports our team members and delivers hospitality for our guests. We will keep that spirit alive, and when the world begins to travel again, we will be ready to welcome them back.”
According to the company, corporate team members whose roles are affected will receive severance pay, outplacement support, access to online Hilton alumni resources, and an expedited recruitment process when travel resumes.