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Vail Resorts, the world’s largest mountain resort operator, announced workforce cuts as part of a two-year transformation plan.
About 14% of corporate positions and less than 1% of operational roles will be eliminated, affecting 0.2% of frontline staff. According to an SEC filing, Vail employed around 7,600 year-round and 44,900 seasonal workers across 42 resorts last year.
“No matter how big or small the impact of position eliminations, we do not take lightly any decision that affects our team members,” CEO Kirsten Lynch said in a statement announcing the move. “Our team members are the core of our mission to create an Experience of a Lifetime, and we have tremendous gratitude for their passion and commitment to our mission, our mountains, and our guests.”
Vail Resorts encourages affected employees to apply for open positions within the company. The layoffs are part of a “Resource Efficiency Transformation Plan” aimed at saving $100 million by 2026.
The letter Vail Resorts employees received this afternoon from CEO Kirsten Lynch. pic.twitter.com/W2ZdxkcOaP
— Lift Blog (@liftblog) September 26, 2024
Vail has expanded significantly over the past decade, adding 32 resorts and doubling its workforce. The plan is intended to support future growth and expansion.
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