Thoughts on MGM Laying off 18,000 Employees - 62,000 Furloughed

https://buttonwoodtree.net/index.php/2020/09/01/mgm-resorts-lays-off-18000-u-s-employees-amid-economic-crisis/

Curious for thoughts on if you think MGM will continue with the layoffs or be able to ride it out. Or if they'll be able to get to hire some people back.

That's a lot of jobs.

5,923 WSO Academy Investment Banking Session Reviews: 4.82/5

Class of '30 Sep 2026 Cohort

5.00/5

Investment Banking Short Resume Review / Recap

“Mentor was very flexible with scheduling and was very knowledgable about many of WSO's opportunities such as the avalible internships. He also gave a lot of good advice on the kind of information to put on your resume. Additionally, he was very open to for when I can email him once I've completing my resume. He also gave some advice on clubs in how I can reach out if I need help with my applications through Slack. I definitely look forward to working with him again as I continue to work on my resume. ”

Class of '29 Sep 2026 Cohort

5.00/5

Investment Banking LinkedIn Review

“My meeting with Luke was extremely helpful in giving me a clearer understanding of the steps I need to take to improve my positioning for investment banking recruitment. We focused on three key areas: strengthening and refining my resume, being more intentional and consistent with networking, and dedicating significant time to technical preparation. I especially appreciated how Luke was concise and straight to the point with his feedback. He clearly identified where I can improve and provided actionable advice that I can immediately apply as I continue preparing for the recruiting process.”

See All 11,030 WSO Academy Reviews

2 Comments

Wsx1

IB

6y

I should go to Vegas soon

Reply

Quote

Report

Other

Authored by: Certified Investment Banking Professional - 3rd+ Year AnalystCertified Investment Banking Pro

IB

Analyst 1 in IB-M&A

6y

Dicta consequatur et ipsa modi aperiam voluptatem sunt. Quibusdam a qui eius in laborum. Fugiat et nihil tenetur fugiat. Nesciunt assumenda necessitatibus est. Veritatis mollitia nemo eos.

Reply

Quote

Report

Other

Authored by: Certified Corporate Development Professional - ManagerCertified Corporate Development Pro

Trending Content - Investment Banking Forum

+112	[2026 - October] Unbiased Prestige Rankings	62	7h
+97	Who is the final boss in Houston Energy? (GS, JEFF or EVR)	38	8h
+90	You should probably leave IB	29	6h
+47	Why Do We Turn Comments?	11	1d
+45	Banking (Un)fortunately Still Needs You: My Case for Bankers in the AI Era	15	7h
+43	UBS Catastrophic Q1-Q3 26, M&A -17%, Outside Top 10 in Americas, EMEA & APAC	7	7h
+40	Moelis PCA vs Lower tier BB Coverage	32	21h
+30	New analyst: how are you thinking about learning to model when AI is getting this good?	6	2d
+28	UBS IB #24 in US M&A in 2026	10	2d
+27	Lateraling as Analyst	25	1d

Career Resources

1	redever	99.2
2	kanon	99.0
3	Secyh62	99.0
4	BankonBanking	99.0
5	GameTheory	98.9
6	DrApeman	98.9
7	Betsy Massar	98.9
8	CompBanker	98.9
9	dosk17	98.9
10	Jamoldo	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Thoughts on MGM Laying off 18,000 Employees - 62,000 Furloughed

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Thoughts on MGM Laying off 18,000 Employees - 62,000 Furloughed

See All Comments - 100% Free

Trending Content - Investment Banking Forum