A few interesting stories came out of SeaWorld Entertainment recently that left many people scratching their heads. An undisclosed amount of layoffs happened company-wide despite the fact that SeaWorld parks continue to be on the upswing.
According to the official statement released by SeaWorld, this is basically just how they’re doing business right now.
Like most companies, we regularly evaluate operations to ensure we are properly organized for performance and efficiency. As part of those ongoing efforts, SeaWorld Entertainment has eliminated a limited number of positions across the company. We remain committed to our conservation, education and rescue mission.
Now while there is nothing wrong with running a tight ship, it does seem peculiar that they chose layoffs as they head into their busy spring break/summer season. Then a few days after the layoffs, two members of the SeaWorld board of directors said that they would be leaving at the end of their current terms.
Deborah Thomas and Donald Robertson are leaving two of the seats on the nine-person board of directors and not seeking re-election. To be clear, SeaWorld announced in a statement that they aren’t stepping down due to any issues with how the company is being run.
“Both Ms. Thomas and Mr. Robinson advised the company that they are retiring after serving their full term and not because of any disagreement with the company on any matter.”
While we don’t have any concrete evidence, we believe the company is slowly and quietly making moves to put themselves up for sale. Since attendance is on the rise and so is profitability, combined with running as lean of an operation as you can to beef up your numbers, it makes sense.
Now, who would buy SeaWorld? That’s a different story entirely. Rumors started swirling in 2017 that the company could put themselves up for sale. However, at the time, they were only beginning their resurgence from the dip they took for several years after the Blackfish documentary.
If we are correct, we expect to start to hear news about SeaWorld going for sale after the busy summer season or perhaps early next year. What are your thoughts?
Make sure to follow Theme Park University on Instagram, on Twitter, subscribe to YouTube and like our Facebook page! Want to support Theme Park University? Donate via Paypal! Doing any online shopping? Click on any Amazon link on this page and it helps TPU pay the bills and costs you nothing extra!