Location: Louisville, Kentucky.
Department affected: barrel-making plant.
Based on news reporting.
Brown-Forman Corporation has announced the layoff of 648 employees as it faces a significant decline in sales and its stock price reaches a 10-year low. The decision comes in response to ongoing challenges in the market, reflecting the company's need to adjust its workforce to align with current business conditions. This move highlights the broader struggles within the industry as companies navigate fluctuating consumer demand and economic pressures. The layoffs are effective immediately, marking a critical step for Brown-Forman in managing its operational costs during this difficult period.
Brown-Forman Corporation cut 648 jobs affecting its barrel-making plant team as of October 1, 2023.
That is roughly 11.4% of the 5,700 people Brown-Forman Corporation employs.
LayoffTalk has tracked 6 layoff events at Brown-Forman Corporation since October 2023, affecting a combined 1,596 employees.
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