MGM Mirage recently stated in a regulatory filing that cost-cutting measures in the last year have resulted in the equivalent of 14 percent of its full-time jobs being slashed.

MGM has not eliminated 14 percent of its full-time workforce, rather, cost-cutting steps such as changes to union agreements and eliminating 401(k) contributions, among others, are equivalent to eliminating 14 percent of the company’s full-time positions.

“We have been managing staffing levels across all our resorts; and we have been reviewing all areas of operations for efficiencies,” MGM said in the filing.