17 June 2024

Beverage giant Anheuser-Busch InBev will lay off around 350 corporate employees, less than 2% of its U.S. workforce, as Bud Light sales decline. The job cuts will affect various corporate functions, aimed at simplifying the organization. The layoffs won’t impact brewery, warehouse, and sales staff. Bud Light sales dropped following a conservative boycott due to a March Madness partnership with a transgender influencer, leading to a 2% decrease in Anheuser-Busch’s stock value this year. In May, Bud Light lost its top spot in the U.S. beer market to Modelo, with a 28% sales drop recently. The company is also under a government investigation for its partnership, led by Florida Governor Ron DeSantis.