SeaWorld leisure, which saw a pointy dip in attendance this 12 months, will do away with about 320 jobs, the corporate introduced Tuesday.
The job cuts will take place in all 12 theme parks, which include SeaWorlds in Orlando, San Diego and San Antonio, in addition to Sesame place in Pennsylvania and its Busch Gardens in Florida and Virginia.
employees affected had been informed on Tuesday.
the corporate submitted an SEC submitting in connection to the restructuring, noting that the transfer is a component of a prior to now printed program that must cut back costs by about $ 65 million. consistent with the filing, the positions can be eliminated by way of yr’s finish.
The theme park company went through a an identical round of layoffs in 2014, when it let more than 300 staff go.
SeaWorld entertainment (SEAS) has had a rough couple of years. it can be considered its stock plummet and attendance fall. In an August cash document, the corporate revealed that 494,400 fewer friends attended it parks in the first half of 2016 compared to the same period final yr, a decline of seven.6%. It stated many of the decline came from its 5 Florida parks.
on the time, SeaWorld attributed the dismal turnout to bad weather in Florida and a drop in Latin American tourists.
the corporate’s popularity took a hit in the wake of the release of the 2013 documentary “BlackFish,” disbursed through CNN. “BlackFish” highlighted the dangers of conserving killer whales in captivity, focusing particularly on a SeaWorld orca that killed three people.
although SeaWorld has disputed points raised by way of the film, it introduced this 12 months that it’ll section out killer whale presentations and prevent preserving the animals in captivity.
The layoffs announced Tuesday embrace each hourly and salaried employees, and people affected will receive severance benefits and “outplacement help,” in keeping with SeaWorld.
CNNMoney (ny) First printed December 6, 2016: 6:41 PM ET
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