SeaWorld Announces Layoffs

SeaWorld Entertainment, Inc. announced it is restructuring its business to reduce cost and improve company operations. As a result, approximately 320 jobs will be cut across the company's 12 parks, a spokesperson for SeaWorld San Diego confirmed.

"These changes are being made to best position our company for long-term success, and so that we can continue to do great things for animals across the globe," the company said in a written statement.

Employees involved in the layoffs will be offered severance benefits and outplacement assistance, according to the company.

In September, SeaWorld announced it would stop paying its shareholders a quarterly dividend.

Known for its water shows featuring killer whales and dolphins, the company as dealt with falling attendance and revenue as people's feelings about using animals for entertainment has soured.

Earlier in 2016, the company said it won't breed killer whales and would stop using them in shows.

SeaWorld operates 12 parks, including Busch Gardens, Sesame Place and Aquatica.

Copyright AP - Associated Press
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