Vail Resorts Colorado Lays Off Workforce as Part of Its Transformation Plan
Vail Resorts Colorado Enacts Layoffs for Transformation
Epic Pass Resorts, which operates Vail Resorts Colorado, disclosed significant layoffs on Thursday as part of its two-year transformation plan. The company aims to reduce its corporate workforce by 14%, impacting less than 1% of operational employees across its resorts.
Company Performance and Future Outlook
As a part of its initiative to save $100 million by the close of the 2026 fiscal year, Vail Resorts will also implement efficiencies in operations. The ski resort operator noted a loss of $175.4 million in its fiscal fourth quarter, slightly below Wall Street expectations. Interestingly, while the loss per share fell short of predictions at $4.28, the revenue reported for the period was $265.4 million, surpassing forecasts.
Operational Impact
- Vail Resorts operates 42 ski resorts globally, with 37 in North America.
- The transformation plan will streamline its global business services.
- Remote positions and staff outside Colorado may also see impacts from these layoffs.
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