Bud Light maker to lay off hundreds of US corporate staff after sales slump - CNN
[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
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Source: Reuters
