Laid off from Travel + Leisure Co..

What Travel + Leisure Co. layoffs have meant for employees

Away from the resort closings, the company's cuts since 2023 have come as one restructuring plan a year, and the company described all four in the same words, as focused on "enhancing organizational efficiency and rationalizing operations," in its annual report for 2025 and its September-quarter 10-Q. In three of the four plans the biggest share of personnel costs was at Travel and Membership, and in 2025 it was at corporate operations. Travel and Membership held RCI, Panorama Travel Solutions, The Registry Collection and the Travel + Leisure travel clubs as of the company's 2021 annual report, while timeshare sales and resort management made up Vacation Ownership. Some of the money also went to ending outside agreements rather than jobs, a licensing deal in 2025 and a third-party contract in 2026.

By the company's account, the resort closings turned on each property's costs and use. Club Wyndham weighed owner occupancy, survey feedback, projected maintenance fees and the chance of infrastructure upgrades that could mean costly assessments, its owner notice says, and walked the association boards through its review, financials and projected fee increases or special assessments. The company's 2025 review, as its annual report describes it, looked for resorts that needed significant owner reinvestment or sat in markets that no longer matched owner demand. A small team at each resort was to keep up the property while it moved through the legal process for its sale, the notice also said. By September 30, 2026, associations at every resort the review identified had approved, according to that quarter's 10-Q, and the company expected court approval for the sales by the end of 2026. Another $35 million went to the removals through September 2026, resort closure costs among them, the same filing shows. If the company offers you work at another of its resorts, the distance, the shifts and the pay there are worth setting against what leaving would mean for you.

In December 2008 the company tied its cutback to cash, saying in its 8-K of December 8, 2008 that it would slow Wyndham Vacation Ownership's sales pace to stop relying on the asset-backed securities market, and that it expected the initiative to be substantially complete in the first quarter of 2009. The 2020 reduction followed the closing of most of its resorts and sales centers, and it mixed layoffs with furloughs. Many people came back as locations reopened that year, the 2020 10-K says, though thousands were still out when it ended, and by the end of 2021 the majority of furloughed employees had returned, the next annual report said.

If you're checking whether a notice came from this company, the name on it may not be Travel + Leisure. Club Wyndham, WorldMark by Wyndham, Shell Vacations Club and Margaritaville Vacation Club by Wyndham all ran under the Wyndham Destinations business line as of that 2021 report, and its pandemic-era WARN notices, our tracker shows, went out as Wyndham Vacation Ownership or under a resort's name in California, Florida, Hawaii, Missouri and Nevada, the largest a 405-job Orlando notice dated July 30, 2020.

If you worked at Fairfield Glade, no collective bargaining agreement covered the facility's employees, Tennessee's memo on the notice says, and the state brought in Upper Cumberland's rapid response team to help coordinate services for the employer and those workers. The notice gave December 31, 2025 as the effective date of a permanent closure. Our Tennessee, Pennsylvania and New Jersey unemployment pages lay out each state's claim rules, and New Jersey's own layoff rules are on our New Jersey layoffs page.