Six Flags layoffs continue across the company

Posted | Contributed by Jeff

From KTLA/Los Angeles:

Six Flags Entertainment, the parent company for Knott’s Berry Farm and Six Flags Magic Mountain, will cut 135 full-time jobs at its California theme parks. Six Flags also eliminated all 27 theme park president positions nationwide.

From The Charlotte Observer:

For the second time this year, Carowinds has laid off an undisclosed number of employees. The layoffs come after parent company Six Flags Entertainment Corp. announced this month that it would be reducing its full-time staff systemwide by over 10%.

Jeff's avatar

That's probably because the park was, relatively speaking, a rounding error in revenue while being very high margin. I doubt many GM's at the time shared that sentiment.


Jeff - Editor - CoasterBuzz.com - My Blog

kpjb's avatar

Did I read recently that Bassoul got a $20MM bonus this year? He must be doing a bang up job.


Hi

Today I was at a town event and talking with people I brought up the story of all the firings happening at FUN. The reaction was the same: cruelty. When folks heard about the millions Bassoul and Zimmerman are going to walk away with it reminded us all why employees have no loyalty to companies anymore.

Corporate barons walking away with millions is not a recent concept. I do recognize that employee loyalty is generally on the wane, though. Locking into one’s future with a pension guarantee is a thing of the past- the companies don’t want to compensate for longevity. I was one of the last at my company when I retired and I took a lump sum and invested elsewhere. Just in case.

OhioStater's avatar

Rick_UK:

I saw a post from Camille linked from somewhere ... spends 10 mins trying to find it

Talk about taking the high road. What a post.

I'm trying to wrap my mind around the emotions and thoughts surrounding being let go from the place that one's life quite literally revolved around, and generationally at that.

I don't think it really matters what industry one is in today; as RCMAC noted nothing is guaranteed. I was naïve as a younger version of myself to believe that the world of academia (or, as some view it, indoctrination) is a safe place.

Last edited by OhioStater,

Promoter of fog.

Longevity is an endangered species. I read that the average tenure of an employee across all business lines is around 4 years now. That is hard for me to get my head around as I'm nearing 24 with my current employer. But, I was at 4 and 3 respectively with the two jobs before that.

I, too, feel for the 20+ year employees, particularly considering that 20 years in Cedar Fair, at least pre-Ouimet, was more like 30 with the crazy number of hours that were required. Those dedicated individuals deserved much better than this ending.


"You can dream, create, design, and build the most wonderful place in the world...but it requires people to make the dreams a reality." -Walt Disney

You must be logged in to post

POP Forums - ©2025, POP World Media, LLC
Loading...