Earlier we were the first to break a story about Universal Orlando laying off hundreds of employees. As it turns out, our sources were right. The company has released the following statement:
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. Most recently, we have made the difficult decision to reduce our Parks & Resorts workforce across multiple locations and business units. This decision was not made lightly, but was necessary to prepare us for the future. We are aware of the impact this will have on those affected by this reduction and their families, and we are working to support them through this process. This includes severance pay, subsidized health benefits and professional reemployment assistance.
We are hearing that layoffs are not totally finished at Universal Orlando and some employees may still be cut by the end of the week. Our hearts go out to the Universal Orlando Team Members who worked for this company.
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