SeaWorld Entertainment To Eliminate 125 Jobs

posted by Alan McBride - 

SeaWorld Entertainment reported Tuesday that it was cutting 125 jobs as part of a planned ongoing restructuring.

The news came only a day after SeaWorld Orlando had announced an increase in attendance and revenue for the first two quarters of 2018.

Company officials said that the move was intended to help with continued growth.

Officials said some of the 125 jobs that were being eliminated were vacant already, and that severance benefits and transition assistance would be offered to those people who were finding themselves impacted by the cuts.

It was not immediately clear where the company was intending to cut jobs.

SeaWorld's interim CEO says the company also plans to eventually cut $50 million in expenses.

Prior to this calendar year, records indicate SeaWorld had already cut some 350 jobs.

SeaWorld Entertainment is the company that, in Florida, owns SeaWorld Orlando and Busch Gardens in Tampa.

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