Resorts World Singapore lays off as many as 2,000 employees

Business isn’t improving fast enough for Resorts World Sentosa (RWS), the Singaporean integrated resort owned and operated by Genting Singapore. The company has revealed it must lay off staff as a lack of tourism continues to strangle the business.

The Straits Times reports RWS are laying off approximately 2,000 employees as part of a “one-off workplace rationalisation.” The operator did not confirm though exactly how many of its 7,000 employees remain after the cuts. “We have made the difficult decision to implement a one-off workforce rationalization,” the company said in a statement.

RWS was cleared to reopen, following a long shutdown from the COVID-19 pandemic, on July 1. However, that brought significant restrictions, allowing only upper-tier members of customer reward programs to play, as well as locals who’ve paid SG$3k that gives them unlimited access to the casinos. That’s something, but without tourism to buff up revenues a bit, it just wasn’t enough to save these employees’ jobs.

The operator lamented the affect a lack of tourism has had both on itself, and Singapore as a whole. “Its pervasive and lasting effects will accelerate shifts in the tourism industry that require significant adjustments by all travel and tourism players,” RWS noted.