SeaWorld officials have announced that they will be restructuring the company and as a result, that 350 positions will be eliminated by the end of fiscal year 2017.
According to a filing with the Securities and Exchange Commission, SeaWorld was implementing the restructuring program to “reduce costs, increase efficiencies, reduce duplication of functions and improve the company’s operations.”
The layoffs will be spread across SeaWorld theme parks and corporate headquarters, the filing said.
In a statement, SeaWorld said that it would be assisting employees affected by the layoffs.
“We do not take this task lightly. It is an unfortunate, but necessary, consequence of the restructuring that some positions will be lost,” the statement said. “For those employees, we are offering severance benefits and outplacement assistance to help with their transition.”
Read SeaWorld’s full statement on the elimination of 350 positions:
“Today SeaWorld Entertainment, Inc. implemented the latest phase of our previously announced company-wide cost initiative. Approximately 350 positions across the company will be impacted by these changes, including open positions that will not be filled.
This ongoing work to improve efficiency is focused on administrative functions and non-guest facing positions, and we are redeploying resources from the related cost savings into our growth initiatives. This includes intensifying our efforts related to marketing SeaWorld to drive growth in park attendance, while maintaining our commitment to the guest experience.
We do not take this task lightly. It is an unfortunate, but necessary, consequence of the restructuring that some positions will be lost. For those employees, we are offering severance benefits and outplacement assistance to help with their transition.
We remain committed to creating world-class guest experiences, providing comprehensively for the care of all our animals, and continuing our company's focus on stranded marine animal rescue and ocean conservation initiatives.”
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