Wyndham hotels & resorts says nearly half of company's 2,500 corporate payroll staff worldwide are impacted as part of co's cost cutting measures

Wyndham hotels & resorts inc - nearly half of company's 2,500 corporate payroll staff worldwide are impacted as part of co's cost cutting measures.wyndham hotels & resorts - staff worldwide impacted either through workforce reductions, salary reductions or reduced-hour work weeks.wyndham hotels & resorts - expects to incur total pre-tax charges of approximately $15 million to $18 million in connection with cost cutting actions.wyndham hotels & resorts inc - under cost cutting plan, company will eliminate approximately 270 positions.wyndham hotels & resorts inc - expects initiative to be substantially complete in q2 & annual savings realized will be approximately $30 million.wyndham hotels & resorts inc - company's president and ceo, geoffrey a. ballotti, will forgo 100% of his 2020 base compensation indefinitely.wyndham hotels & resorts - ceo salary reduction will be effective until such time as compensation committee determines otherwise in light of covid-19.
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