Vail Resorts will lay off 14% of its corporate staff

Vail Resorts told investors Thursday that it plans to lay off 14% of its corporate staff as part of a two-year plan to save $100 million in operating costs.

Overall, Vail is cutting 2% of its total workforce, which includes 42 resorts in North America, Australia and Europe.

The Broomfield, Colorado-based company said less than 1% of frontline jobs would be eliminated. Vail employs about 7,600 year-round workers, according to a recent tax filing.

The job cuts follow a winter season in which skier visits to Vail facilities dropped by more than 9% compared to the previous year. Epic Pass sales for the coming winter also dropped 3%.

Vail Resorts CEO Kirsten Lynch attributed the downturn to unfavorable weather conditions in North America and Australia. Lynch also said ski resort visits are normalizing after reaching record highs in the winter of 2022-2023 in the wake of the Covid-19 pandemic.

“In North America, snowfall at our western resorts was down 28% from the previous year, and our eastern U.S. resorts experienced limited natural snow and variable temperatures,” Lynch said.

Vail’s stock price has dropped 20% over the past year. The company is currently implementing one investment project in Park City. From the 2025-2026 season, the Sunrise lift in Canyons Village will be replaced by a new 10-person gondola.