Anheuser-Busch yesterday announced plans to cut hundreds of jobs at the beer maker. Frontline staff won't be impacted, so brewery and warehouse workers as well as field sales and drivers are safe.
According to CNN, the company is laying off less than 2% of employees, primarily corporate staff, in an effort to "simplify" the organization. The company has some 19,000 employees in the U.S., so 2% works out to about 380 jobs.
Anheuser-Busch CEO Brendan Whitworth called the decision "difficult, but necessary" in order to set the company up for long-term success.
The company remains in the throes of a Bud Light marketing fiasco that has dethroned the brand as the top-selling beer in America, a position it held for more than 20 years.
According to new sales data from Bump Williams Consulting, Bud Light sales dropped by more than 23% for the week ending on July 8, which includes the Fourth of July holiday.