The Conservative Cave
Current Events => Breaking News => Topic started by: SVPete on July 29, 2023, 06:52:00 PM
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Anheuser-Busch's Bad Year Just Got Worse
https://townhall.com/tipsheet/spencerbrown/2023/07/27/bud-lights-parent-company-announces-hundreds-of-layoffs-n2626289 (https://townhall.com/tipsheet/spencerbrown/2023/07/27/bud-lights-parent-company-announces-hundreds-of-layoffs-n2626289)
The damage Bud Light did to its brand reputation and its parent company AB InBev's bottom line apparently isn't over yet. This week, the beverage company announced plans to cut "hundreds" of employees as the Bud Light sales slump — caused by a boycott after the brand engaged transgender influencer Dylan Mulvaney to celebrate the biological male's first year of "womanhood" — continues to take a toll.
According to Forbes' layoff tracker, close to 400 jobs are being axed in AB InBev's bid to cut costs amid lagging sales through the normally lucrative summer months, amounting to "less than 2% of the company’s 18,000 U.S. employees."
CNN said the cuts would occur mostly among the company's "corporate staff" and reported that an AB InBev spokesperson characterized the cuts as a move to "simplify and reduce layers within its organization" that would not impact "brewery and warehouse staff, drivers, and field sales" employees.
The layoffs come after Bud Light lost its top-dog status for beer sales in the United States for the first time since 2001 to Modelo. ...
However much the idiot who decided to do that failed ad campaign and her staff-sycophants deserve to be the heart of this layoff, probably very few are. Stupid manglers don't often suffer for their stupidity.
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And it trickles down to other industries/suppliers. It was announced about a week ago that a bottle producer/manufacturer was laying off several hundred employees.
I wish these political pundits like Spencer Brown can somehow realize and report that people aren't boycotting Bud Light.
They've abandoned it.