Tuesday, December 11, 2018

Over 10,000 Employees Are Leaving Verizon
Press Release

The telecommunications company announced that “approximately 10,400 employees have been accepted as part of a voluntary program to leave the business as the company better positions itself for future growth.”

The move follows the company’s realignment plans to further support opportunities in 5G technology.

The news affects approximately 7% of the company’s workforce. Employees were offered “up to 60 weeks’ salary, bonus and benefits, depending on length of service” as part of the Voluntary Separation Program.

Canada’s BMO Financial Group Looks to Setup a Flagship HQ in Downtown Chicago
Press Release

The new office tower, which is central to the company’s transformation strategy, will be home to approximately 3,600 employees.

The company is expected to occupy “14 floors of the 50-floor, 700 foot building, which opens in 2022.”

The new headquarters is expected to accelerate BMO’s growth in the United States.

Hyatt Regency Opens the Largest Hotel in the Pacific Northwest
Press Release

The hospitality company announced the launch of Hyatt Regency Seattle, a new full-service hotel that “features more than 1,200 guestrooms, 103,000 square feet of dynamic meeting and event spaces” and multiple restaurants.

The hotel is located “two short blocks from the Washington State Convention Center and adjacent to The Summit, the planned convention center expansion building slated to open Spring 2022.”

The new hotel looks to become the “new premier destination for meetings and events in the region.”