Cinemark, the nation’s third-largest exhibition chain, specified in a recent 8-K filing that its layoffs in the wake of closing theaters March 18 due to the COVID-19 pandemic count 17,500 domestic hourly theater employees. In addition, 50% of their Plano, TX headquarter employees were furloughed at 20% of their salary (with full benefits), with the reduction of remaining employees’ salaries at 50%.
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