Alterra Mountain Company, the operator of Ikon Pass, has laid off an undisclosed number of employees as it seeks to reduce costs and restructure its operations. The layoffs were first reported by the Denver Business Journal and later confirmed by the Denver Gazette. The layoffs come at a time when the company is considering moving its headquarters and is actively looking for a new CEO.
The Denver-based company confirmed that employees in Denver, at its resorts, and others among its remote workforce were affected by the cuts. The layoffs primarily impacted full-time, year-round employees in corporate services. In addition, some open positions will remain unfilled. Alterra has not disclosed how many employees were laid off.
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According to an internal memo obtained by the Denver Business Journal from KSL Capital Partners, one of Alterra’s ownership groups, the layoffs were not caused by last winter’s poor snow conditions. Instead, it attributed the cuts to slower growth across the ski industry.
The goal, according to the memo, is to simplify the company’s operations, reduce costs, eliminate unnecessary layers, and allow Alterra to make decisions more quickly. The company said both its mountain destinations and corporate services remain important to its future.
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Alterra’s Headquarters Could Move
Alterra is also considering moving its headquarters from its current location at 3501 Wazee St. in Denver’s River North Art District. The company could move elsewhere in Denver or potentially to Salt Lake City, Utah…