Spokesman Bill Keegan said managers at the residential club for the ultrarich did not anticipate additional staffing cuts, but business during the holiday season would largely dictate what comes next.
Seven of the 12 jobs cut were related to construction. The other five were from the operations side, including one from security, two from the equestrian division and one from the warehouse, Keegan said.
Keegan said the financial reorganization played a role in the layoffs, but a broader construction slowdown was largely to blame.
“There are no building projects currently under construction,” he said. “No one is building anything, anywhere.”
The club counts former Vice President Dan Quayle and Los Angeles Dodgers owner Frank McCourt among its 345 members. To join, members must buy properties at the mountain resort that can cost $10 million or more, as well as pay $18,000 in annual dues and a $300,000 deposit.
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