The world's largest mountain resort operator said Thursday it will eliminate some positions to cut costs even as ski season approaches.

Vail Resorts plans to lay off less than 2 percent of its workforce as part of a two-year plan, one company said. news release. The expected layoffs will include “14 percent of the corporate workforce and less than 1 percent of the operational workforce.”

Vail Resorts, headquartered in Broomfield, Colorado, has approximately 7,600 year-round employees and more than 44,900 seasonal employees in its 2024 fiscal year, ending July 31, 2024, according to the U.S. Securities and Exchange Commission (SEC). He has hired employees. filing.

IBISWorld estimates that the company has approximately 40,200 employees. said. The layoffs could result in approximately 800 employees leaving the company.

The U.S. Department of Labor announced that the loss of jobs for at least 500 employees at a company is one of two situations that constitute mass layoffs. saidciting the Worker Adjustment and Retraining Notification (WARN) Act. (Related article: American auto giant lays off hundreds of US employees)

The job cuts are part of a “two-year plan to transform the company for future growth and global expansion,” the news release said. “Employees affected will have the opportunity to apply for open positions company-wide.”

The layoffs will primarily affect management and back-end staff, but only 0.2% of front-line operations staff will be affected, according to the news release.

CEO Kirsten Lynch said in a news release: “We do not take any decision that impacts our team members lightly, no matter how large or small the impact of position reductions.” “Our team members are at the core of our mission to create once-in-a-lifetime experiences, and we have tremendous gratitude for their passion and dedication to our mission, our mountains, and our guests. have.”

“We believe our employee relations are positive,” the company said in an SEC filing.

Vail Resorts announced fiscal 2024 net income of $230.4 million, down from $268.1 million in fiscal 2023. another Some of the company's SEC filings.

Lynch has argued that the company's recent financial difficulties were due to both a decline in ski demand due to bad weather across the company's North American and Australian resorts, and the normalization of business post-COVID-19. This was revealed in the second filing.

Vail Resorts was named America's Best Large Employer in 2022, but dropped from the list in 2023. According to Forbes. The company was also excluded. 2024 list.