Vail Resorts cuts 14% of corporate staff
Vail Resorts Cutting Jobs as Losses Mount
Key Takeaways Vail Resorts announced a "transformation plan" that will include cutting 14% of its corporate workforce.CEO Kirsten Lynch called the changes a "natural progression" as the ski resort operator grows.
Vail Resorts Fires 14% of Corporate Staff
Vail Resorts, the world’s largest owner of ski resorts, is letting go 14% of its corporate employees and less than 2% of its total workforce as part of an efficiency drive after reporting a widening loss in the final months of fiscal 2024.
Vail Resorts cuts 14% of corporate staff as both visitor and snowfall levels drop
Vail Resorts is cutting 14 percent of its corporate staff as its revenue tumbles. The layoffs are expected to save the company $100 million over the next
Vail Resorts to lay off corporate employees as losses mount
Vail Resorts plans to lay off 14% of its corporate workforce and about 1% of its operations staff as part of a two-year “transformation plan” aimed at reversing downward revenue and earnings trends.
Vail Resorts plans to lay off 14% of corporate workers within 2 years
Broomfield-based Vail Resorts announced to investors on Thursday that it would lay off 14% of its corporate workforce and under 1% of its operations workforce.
Vail Resorts to lay off 14% of corporate workforce
Vail Resorts announced Thursday it will be laying off 14% of its corporate workforce as part of a cost-savings plan. The Broomfield-based company said in a release shared by PR Newswire that the two-year Resource Efficiency Transformation Plan "is designed to improve organizational effectiveness and scale for operating leverage as the company grows.
Vail Resorts to cut 14% of corporate staff after Q4 losses
Vail Resorts cut 14% of its corporate staff following a $175.4 million loss in its fourth quarter, the company announced on its quarterly earnings call. The cutbacks are part of a two-year plan to help the company improve efficiency and organizational effectiveness through scaled operations,
Vail Resorts Stock Falls After Earnings
Vail Resorts (NYSE: MTN) announced fiscal fourth-quarter 2024 results after the market closed yesterday, and investors ...
Vail Resorts: Strategic Transformation Amidst Weather Woes And Market Pressures
Vail Resorts' Q4'24 results show strategic efforts to address weather and labor challenges, with the Resource Efficiency ...
Vail Resorts: Major EPS Miss in Q4
Vail Resorts reported weak Q4 earnings, with several significant metrics worsening year over year.
Vail Resorts Stock Down on Q4 Earnings Miss, Revenues Top
MTN's fiscal fourth-quarter performance reflects a decline in skier visits owing to unfavorable weather conditions.
Truist Financial Reaffirms Their Buy Rating on Vail Resorts (MTN)
Truist Financial analyst Patrick Scholes maintained a Buy rating on Vail Resorts (MTN – Research Report) today and set a price target of ...
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Vail Resorts Pass Sales Kept 23/24 Lift Sales Positive; Fewer Visits Hurt Retail and Rentals
Resort Reported EBITDA was $825.1 million for fiscal 2024, which included an $11.1 million negative impact related to ...
Analyst Scoreboard: 4 Ratings For Vail Resorts
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $203.75, along ...
Vail Resorts to undertake business transformation, cut workforce; reports FQ4 results
In an effort to increase the efficiency of its resources, and improve the scale of its operations, Vail Resorts (NYSE:MTN) is ...