November 17th 2024.
According to reports, the well-known company Marriott International, based in Bethesda, Maryland, has informed its employees that there will be a significant restructuring within the company. This means that unfortunately, there will be hundreds of employees who will be facing job cuts. The impact of this will also be felt in the D.C. area, as hundreds of people from there will also be affected.
In fact, the state of Maryland has already issued a WARN (Worker Adjustment and Retraining Notification) notice on November 14th, regarding this matter. The notice states that a total of 833 individuals will lose their jobs in January of 2025. This is a significant number and it is saddening to know that so many individuals will have to go through this difficult situation.
Marriott has been a major employer in Montgomery County for over six decades now. In fact, it has been a key contributor to the county's private sector employment. However, this is not the first time that Marriott has had to resort to layoffs. Last year, in 2020, the company had to permanently lay off 673 employees out of the approximately 4,000 workers at their Bethesda headquarters. This was a tough decision, but it was necessary for the company's survival.
Interestingly, just two years after these layoffs, Marriott opened a brand new headquarters in Bethesda. The development cost a whopping $600 million and it was recognized as the Maryland Economic Development Project of the Year by the Maryland Economic Development Association. This shows the company's commitment to the state of Maryland and its economy.
However, despite its efforts and achievements, the recent news of layoffs has come as a shock to many. It is a tough reality that both the company and its employees will have to face. Our thoughts go out to those who will be affected by this unfortunate situation.
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