Stock Market News

Bud Light maker to lay off hundreds of US corporate staff after sales slump – CNN

2023.07.26 23:14


© Reuters. FILE PHOTO: Cans of Jupiler beer are seen on the bottling line at Anheuser-Busch InBev brewery in Leuven, Belgium November 25, 2019. REUTERS/Francois Lenoir/File Photo

(Reuters) – Anheuser-Busch InBev, whose Bud Light sales have recently slumped in the United States, will lay off hundreds of corporate staff in the country, CNN reported on Wednesday citing a company statement.

The job cuts would represent less than 2% of total employees at the world’s largest brewer, but would not include frontline staff like brewery and warehouse staff, drivers, field sales among others, CNN reported.

Anheuser-Busch did not immediately respond to a Reuters request for comment.

Bud Light and Budweiser have recently seen its sales drop in the US after a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney and has been dethroned by Constellation Brands (NYSE:)’ Modelo Especial as the top-selling beer brand in the country.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 88,125.61 1.55%
ethereum
Ethereum (ETH) $ 2,450.35 3.19%
tether
Tether (USDT) $ 0.999118 0.02%
xrp
XRP (XRP) $ 2.29 4.70%
bnb
BNB (BNB) $ 624.34 3.62%
solana
Solana (SOL) $ 139.20 2.54%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.211026 4.72%
cardano
Cardano (ADA) $ 0.683749 6.12%
staked-ether
Lido Staked Ether (STETH) $ 2,445.92 3.09%
tron
TRON (TRX) $ 0.230678 1.65%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 87,832.53 1.23%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,885.41 1.78%
chainlink
Chainlink (LINK) $ 15.67 7.86%
litecoin
Litecoin (LTC) $ 128.14 16.76%
sui
Sui (SUI) $ 3.03 10.92%
avalanche-2
Avalanche (AVAX) $ 22.35 7.84%
stellar
Stellar (XLM) $ 0.297305 7.68%
the-open-network
Toncoin (TON) $ 3.58 4.40%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 6.33%
hedera-hashgraph
Hedera (HBAR) $ 0.199549 9.43%
leo-token
LEO Token (LEO) $ 8.98 1.27%
usds
USDS (USDS) $ 1.00 0.06%
mantra-dao
MANTRA (OM) $ 7.69 0.90%
polkadot
Polkadot (DOT) $ 4.87 11.75%
weth
WETH (WETH) $ 2,448.72 3.15%
hyperliquid
Hyperliquid (HYPE) $ 20.54 11.41%
ethena-usde
Ethena USDe (USDE) $ 0.999889 0.05%
bitcoin-cash
Bitcoin Cash (BCH) $ 297.20 6.36%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,597.62 3.15%
uniswap
Uniswap (UNI) $ 8.20 6.15%
bitget-token
Bitget Token (BGB) $ 4.04 2.64%
monero
Monero (XMR) $ 218.62 0.07%
whitebit
WhiteBIT Coin (WBT) $ 26.71 0.45%
near
NEAR Protocol (NEAR) $ 3.08 7.72%
pepe
Pepe (PEPE) $ 0.000008 7.68%
aptos
Aptos (APT) $ 5.77 8.51%
dai
Dai (DAI) $ 0.999635 0.00%
bittensor
Bittensor (TAO) $ 378.01 5.76%
ondo-finance
Ondo (ONDO) $ 0.993182 5.36%
internet-computer
Internet Computer (ICP) $ 6.54 8.30%
aave
Aave (AAVE) $ 207.68 6.78%
susds
sUSDS (SUSDS) $ 1.04 0.43%
ethereum-classic
Ethereum Classic (ETC) $ 19.08 5.42%
okb
OKB (OKB) $ 45.82 2.20%
gatechain-token
Gate (GT) $ 21.68 5.30%
official-trump
Official Trump (TRUMP) $ 13.08 1.29%
mantle
Mantle (MNT) $ 0.768137 1.44%
tokenize-xchange
Tokenize Xchange (TKX) $ 31.38 4.47%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 87,878.55 1.34%