The Atlantis resort in the Bahamas said Wednesday it has laid off roughly 800 employees, blaming low occupancy rates as the global economic crisis curbs tourists' appetites for exotic getaways.
The cuts represent about 10 percent of the work force at the country's largest private employer.
"This decision is both difficult and emotional as we are fully aware of the impact on the employees affected, the remaining staff and the Bahamian community in general," said George Markantonis, president of hotel owner Kerzner International Bahamas Limited.
The Atlantic archipelago's tourism-driven economy is reeling from a steep decline in visitors …
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