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Home»Business»Bud Light maker to lay off hundreds of US corporate staff after sales slump, CNN reports
Business

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

July 27, 2023No Comments1 Min Read
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[1/2]FiILE PHOTO: Cans of AB InBev’s Bud Light hard seltzer are displayed in a fridge in Jewel-Osco supermarket in Chicago, Illinois, U.S. October 21, 2020. Picture taken October 21, 2020. REUTERS/Richa Naidu

July 26 (Reuters) – Anheuser-Busch InBev (ABI.BR), 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’ (STZ.N) Modelo Especial as the top-selling beer brand in the country.

Reporting by Gokul Pisharody in Bengaluru; Editing by Nivedita Bhattacharjee

: .

See also  U.S. Fed delivers small rate hike amid global banking turmoil
Bud CNN Corporate Hundreds lay Light Maker reports sales slump staff
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