Las Vegas Sands Lay off Job Cut: Las Vegas Sands fires thousands

The financial turmoil is taking a toll on all the sectors of the world. The latest one to add to the list of lay off or Job Cuts is the Las Vegas Sands company, which is reported to have laid off thousands of workers.

What are the primary reasons of Las Vegas Sands Lay off Job Cut?
The company is said to have suspended the operations and some of its projects in China. No Project, no work, no workers required so go for Las Vegas Sands Lay off Job Cut.

Where would the Las Vegas Sands Lay off Job Cut be made?
The jobs will primarily be lost in the chinese area or in Macau.

Which units or business division will see the Las Vegas Sands Lay off Job Cut
Majority of the job cuts will be in the construction jobs, as many as 11,000. It is reported that new construction work in Portugese territory is put of hold which is worth 12 billion dollars.

What is happening to the stock price after the Las Vegas Sands Lay off Job Cut was announced?
On Tuesday, shares of Sands (LVS:las vegas sands corp company) went down by around 35% after the company said it would halt new construction in Macau to preserve cash while trying to raise money for other projects underway in Singapore and Pennsylvania. It also said it would make a public offering of 182 million shares of stock without shareholder approval.

Let's hope that alternative jobs are available to the affected employees of Las Vegas Sands Lay off Job Cut.