Posted Friday, January 23, 2009 9:13 AM | Contributed by CPJ
Universal Orlando laid off approximately 70 employees Thursday, described as mostly management, as it and other resorts confront an increasingly dire economic outlook. Although the cuts amount to less than 1 percent of Universal's 13,000 local employees, they illustrate the company's growing concern about how theme-park attendance will fare this year as the sinking economy forces more cash-strapped consumers cut back on travel.
Read more from The Orlando Sentinel.
Is this a new lay-off, or is this the culmination of that which we heard about some months ago where NBC-Universal was laying off some percentage of its workforce in positions roughly evenly spread across the enterprise?
--Dave Althoff, Jr.
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