Vail Resorts Cutting Jobs as Losses Mount

Key Takeaways Vail Resorts announced a "transformation plan" that will include cutting 14% of its corporate workforce. CEO Kirsten Lynch called the changes a "natural progression" as the ski resort operator grows. Vail Resorts also reported a larger loss in the fourth quarter. After struggling this year because of limited snow and a falloff in visitors, ski resort operator Vail Resorts (MTN) announced a "transformation plan" that includes layoffs. Shares slumped as the company also reported a bigger loss fo ...