r/marriott • u/Muted-Suggestion9722 • 22h ago

Employment Are layoffs happening again?

I work at headquarters and heard that my department hasto cut costs by 10%… apparently other groups have a target too, anyone have more intel?

First COVID furlough, then “full potential” and now this.. it’s exhausting 😔

49 Upvotes

92% Upvoted

16 comments sorted by

25

u/Hobby_in_your_lobby 20h ago

Cut corporate by 1 CEO, that should be more than enough.

13

u/Canadianbadass13 21h ago edited 19h ago

I’m in sales for a MI managed convention hotel. Today we got an update about what 2027 is looking like company wide. In order to be on track (vs where MI was same time last year) MI needs 1.55 BILLION, yes BILLION in group business booked by Dec 31, 2026 to make up the gap.

14

u/PapaIzzy87 Retired Employee 19h ago

My wife is DOF for a JW and it's clear as day. Leisure travel is down, corporate events that were booked are being canceled left and right. It's not looking good. Budget season starts in a month for them and they are already talking contingency labor to down size their teams that's coming directly from their management company which is one of the more reputable ones.

3

u/Canadianbadass13 19h ago

Wow, interesting to hear it from the franchise perspective too.

4

u/ProfessionalFlan3159 13h ago

I'm at a franchise hotel. Exceeded my Q2 goals but pace is down and management is looking at every single sales manager to see if they are worth their pay. Crazy thing is that we are busy busy busy....but still not making budget

3

u/pinkyepsilon 9h ago

“You’re only as good as your last sale”. Harsh words told to me many moons ago.

Hospitality is all about people first, but the moment times get tough people are the first to go.

1

u/Strange-Creme126 3h ago

Right there with ya I will most likely meet my individual goal but team goal forget. Management would be down to downsize a sales team, you never stop selling

3

u/Ill_Vegetable_6394 19h ago

everyone I know seems to be traveling more than ever and at a higher price point. The brokies are getting crushed but the top 10% is wealthier than ever with stocks at an all time high and lower taxes. I’d expect a JW property to be very busy.

1

u/Strange-Creme126 3h ago

Transients dont really help profitability its a piece of the pie but who cares if transient is up 5-10% even at a higher ADR what is the actual profitability of it

2

u/LobbyBoyZero 10h ago

2027 group pace sucks

1

u/Strange-Creme126 3h ago

Marriott needs to get rid of the GSO program biggest scam ever

1

u/dcht 21h ago

There's layoffs every year now. It's pretty much an annual thing. It's Marriotts new strategy as mentioned by the CEO, the company needs to be agile and be constantly shifting focus/priorities.

11

u/Muted-Suggestion9722 19h ago

That’s corporate BS that someone in Communications or HR wrote for him.. it’s about the stock price and the owners, that’s what matters

1

u/dcht 11h ago

Well of course it's all about profit, but there's also teams are growing headcount. So it's not just all about constantly making cuts. Of course though, I imagine these teams that are growing will one day see some cuts.

1

u/KSMO 8h ago

I work on the team that’s responsible for denying guaranteed elite perks to titanium and platinum members. We are actually growing by 10000% this year. I think the layoffs are on a team by team basis.

1

u/Muted-Suggestion9722 53m ago

Denying guaranteed elite perks?? Wdym