Wyndham Worldwide Layoffs Job Cut: fires 4000 employees: Finance Trading Times

Wyndham Worldwide Layoffs Job Cut: fires 4000 employees

The economic situation is worsening in multiple sectors. The latest one to add to the list is the Wyndham Hotelss Group WYN which has decided to layoff 4000 employees. Wyndham Layoffs

How many employees will be affected by the Wyndham Worldwide Layoffs Job Cut
Around 4000 employees will loose their jobs as a part of the layoffs by the Hotels group.

When will the layoffs actually happen by Wyndham Worldwide Layoffs Job Cut
The layoffs would happen in the first quarter or first 3 months of 2009

What are the primary reason for Wyndham Worldwide Layoffs Job Cut
Restructuring of business, and scale back of the timeshare business are the main reasons for layoffs. Wyndham's hotels include Ramada, Days Inn and Super 8 chains.

How much % does the Wyndham Worldwide Layoffs Job Cut represent?
The 4000 job cuts are about 12 percent of the company's overall work force.

How much savings can be made by Wyndham Worldwide Layoffs Job Cut
Around $75 million can be saved with the job cuts.

As per the news, Wyndham now expects sales in the timeshare business will be $1.2 billion in 2009, down from $2.0 billion in 2008, as it eliminates sales offices and marketing programs. Wyndham also reiterated its fourth quarter and 2008 guidance. But based on the changes to its timeshare business and current economic conditions, the company says it now expects to earn revenue of $3.7 to $4.1 billion for 2009, down from previously announced expectations of $4.1 to $4.5 million for the year

Let's hope that alternative jobs are available to the affected employees of Wyndham Layoffs Job Cut.
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8 Comments: Post your Comments

Anonymous said...(on 10 December 2008 at 18:21 )  

I was in the 1st round of layoffs in September 2008. CEO's & Brand Presidents are telling Franchisee's at conferences that "no layoffs" will occur. Prior CEO Steve Renitzky left company with MILLIONS.

Anonymous said...(on 11 December 2008 at 05:32 )  
This comment has been removed by a blog administrator.
Anonymous said...(on 13 December 2008 at 01:15 )  

Timeshares & Rentals...I have done plenty of research about selling timeshares, check out my blog =)


Anonymous said...(on 17 December 2008 at 00:53 )  

It appears Wyndham has already started their layoffs in Oregon and Washington beginning this week.

Unknown said...(on 18 December 2008 at 21:41 )  

I worked for Wyndham Vacation Resorts Asia Pacific, until today.

Only heard from other colleagues that we had all lost out jobs, the company gave no adequate explanation, other than to read va short note saying we had lost our jobs.

Merry Christmas to you Wyndham, will not be for all your employees and those poor time share owners who borrowed too much, to buy an inflexible product.

Anonymous said...(on 4 January 2009 at 11:15 )  

My thoughts go out to all staff at the Wyndham resorts.

Sometimes, when one door closes another door opens. My company is growing and looking for Timeshare Sales people.

Visit http://www.timeshareclosers.com for more information.

Good luck to everyone in finding what you are looking for.

Anonymous said...(on 9 January 2009 at 22:59 )  

People always hate to talk about when they are laid off. But as it has become every day's news headline since Yahoo started it with cutting 1500 of its task force last year, now a need of platform has been in demand where people can express their selves in words how they are feeling about their company, whey the got laid off was that justified or not.
And every thing they want to tell anonymously.And www.layoffgossip.com is providing you that platform.

Anonymous said...(on 12 February 2009 at 14:38 )  

I worked for Wyndham up to September 2008 and was surprised everyday that I showed up to work that the company hadn't yet gone bankrupt. It was, and remains, the most poorly-run company I have ever had the amusement to witness. It's sad that so many people had to lose their jobs, but I'm sure I wasn't the only one to see it coming.

Wish you all happy and fruitful trading and investing activities with safety! = = = Post a Comment

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