Vail Resorts informed the state on Wednesday that it plans to cut 64 jobs at its HR Shared Services unit in Broomfield — the latest step in a larger streamlining effort announced last fall.
“The entire operating unit will be closed, and the closure of the operating unit is expected to be permanent. It is expected that the first separations will occur on June 2, 2025,” wrote David Ganick, the company’s vice president of human resources, in a Worker Adjustment and Retraining Notification Act or WARN letter sent to the Colorado Department of Labor and Employment.
Eliminated positions include 22 human resources coordinators, 8 internal mobility senior coordinators, 6 rotating senior coordinators and 5 HR shared services specialists.
Ganick said the closure is part of the company’s “Resource Efficiency Transformation Plan,” which CEO Kirsten Lynch announced in late September. The plan targets $100 million in annual savings within the next two years, generated through a 14% reduction to the corporate workforce and reductions of under 1% to operations workers located at the company’s 42 resorts.
“No matter how big or small the impact of position eliminations, we do not take lightly any decision that affects our team members,” Lynch said in a statement last September.
Vail Resorts has struggled to gain traction since a pandemic bump five years ago that pushed its share prices above $250 and faced a strike by ski patrollers in Utah that made national headlines.The stock has traded around $160 a share in recent weeks.
Vail Resorts reported having about 7,600 year-round and 44,900 seasonal employees as of July 31. The company has grown rapidly over the past decade, going from 10 resorts to more than 42 in four countries. The company’s Colorado resorts are Vail, Beaver Creek, Breckenridge, Keystone and Crested Butte.
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