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News: Universal Orlando Began Lay Offs This Week

While we typically focus on all things Disney, one of Walt Disney World’s popular neighbors, Universal Orlando, is showing signs of the struggling tourism industry. We’ve learned that Universal Orlando has begun laying off an unspecified amount of workers on Tuesday, just two weeks after their reopening.

 

According to the OrlandoSentinel.com:

“We have made the difficult decision to reduce our parks and resorts workforce across multiple locations and business units,” Universal spokesman Tom Schroder said Tuesday night.

He did not give the number of people laid off. Severance pay, subsidized health benefits and professional reemployment assistance are being offered to the affected workers, he said.

“We are working to structure and strengthen our business for the future in anticipation of the tourism industry taking time to fully recover. In that regard, we have already taken important steps such as adjusting budgets and implementing salary reductions and furloughs,” Schroder said.

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“This decision was not made lightly, but was necessary to prepare us for the future,” he said.

In May, Comcast (Universal Orlando’s parent company) Chief Financial Officer Mike Cavanagh emphasized that the company is delaying Epic Universe, Universal’s third theme park.

Source: OrlandoSentinel.com

About Mike and Jamie Sylvester

We are Disney nerds. Two kids at heart who love the magic and the memories of Walt Disney World! We follow all things Disney and have great experiences with Disney Vacation Club and RunDisney events in particular. We enjoy the vacations, day trips, weekend getaways and geek out over the planning of such events. From lodging to dining to Fastpasses we have a spreadsheet for every occasion. Mike’s frivolous Disney goal is to acquire a magic band of every style while Jamie’s goal is to experience as many Disney desserts as possible. Usually there isn’t a day that passes without some discussion of the master plan of our next trip to the happiest place on earth. Most people think we’re normal – until they travel to Disney with us. We have been married for 15 years and are blessed with a daughter and a son who have already learned the importance of planning ahead! As a family we thoroughly enjoy the magic and the memories at Walt Disney World and are here to help others experience the magic as well.