Harrah's Entertainment Inc is scaling itself back as the American clownsumer scales itself back and has announced closure of a Tennessee office, which results in the layoff of 250 employees. Fifty adventurous ones will be moving to Las Vegas.
Obviously they did not blame the economy and just cited consolidation of corporate functions. However, if that were the only case, then management has got to be more effective. If maintain separate offices was eating up costs, why not provide a better return for the owners by making this move earlier? It certainly seems economic related especially with the other businesses in their sector outlined on this blog already being in pain.
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