Important Takeaways:

• Bud Light maker Anheuser-Busch to lay off hundreds of employees, company says
• Anheuser-Busch, the parent company of Bud Light, announced it will lay off 350 employees, many of them in corporate positions, as it seeks to recover from the fallout over a campaign involving a trans influencer.
• In a statement, the company said the layoffs would affect less than 2% of its approximately 18,000 employees nationwide.
• “Today we took the very difficult but necessary decision to eliminate a number of positions across our corporate organization,” Anheuser-Busch CEO Brendan Whitworth said Wednesday. “While we never take these decisions lightly, we want to ensure that our organization continues to be set for future long-term success.”
• The layoffs will not include front-line staff members such as “brewery and warehouse staff, drivers, and field sales, among others,” the company said. The move was designed to “simplify and reduce layers within its organization,” it said.
• Bud Light sales in the last week of June were down nearly 28% year on year, according to Nielsen IQ data cited by Bump Williams Consulting.

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