(Bloomberg) -- 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.
The company’s two-year plan is aimed at producing $100 million in annual cost savings by the end of fiscal 2026, according to a statement Thursday.
Vail’s portfolio has grown to 42 resorts from 10 over the past decade. The company employed about 7,600 people year round in fiscal 2024, according to a filing.
©2024 Bloomberg L.P.