Wynn Cuts 261 Jobs, Restores Wages

Steve Wynn is perhaps the biggest name in Las Vegas, but even this famous casino mogul is not immune to the recession. Wynn resorts announced on Tuesday that it was laying off 261 workers rather than further cut employee hours and wages. Both hours and wages were cut in 2009, a year which saw sharp drops in hotel occupancy and gaming revenue for all of Las Vegas.

Concurrent with the layoffs, Wynn resorts plans to restore wages and hours to over 3,500 employees in Las Vegas. “We did the best we can and that’s the end of the conversation,” Wynn said.