Las Vegas Sun, 27 Mar 2009, Steve Green
Layoffs forced 283 people out of work today at Las Vegas Sands Corp. in Las Vegas.
Ron Reese, spokesman for the company, said the affected employees worked in the corporate offices as well as the Venetian and Palazzo resorts on the Strip. He said the company now employs just under 7,000 people in Las Vegas.
The layoffs are part of a broad cost-reduction effort at the company, Reese said. Like many of its competitors, Las Vegas Sands faces huge interest costs because of its massive debt load -- $10.4 billion -- at a time when business at its resorts has been hurt by the recession.
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