Foxwoods Casino and MGM Grand plan on eliminating 700 jobs throughout the next few weeks.
The recession has been sneaking up the Casino. In June, 200 jobs were eliminated. Now, just four months later, 700 more jobs will be eliminated. This makes up 6 percent of Mashantuckets employees.
This year, there has been a $70 million decrease in Foxwoods slot revenue. Employees at the casino even noted that there is a noticeable decrease in the amount of people attending the casino.
The tribal council approved the plan to downsize Foxwoods workforce. Severance packages will be offered to the 700 employees laid off.