Location: California, USA.
Department affected: Craft Beer Division.
Based on news reporting.
Monster Beverage Corporation has announced the closure of its craft beer plant in California, resulting in the layoff of approximately 100 employees. This decision comes as the company faces challenges in the alcohol market, impacting its operations and workforce. The closure is part of a strategic shift as Monster refocuses its efforts on its core energy drink business. The layoffs are effective immediately, highlighting the company's response to current market conditions and the need for operational adjustments.
Monster Beverage Corporation cut 100 jobs affecting its Craft Beer Division team as of October 1, 2023.
That is roughly 1.9% of the 5,254 people Monster Beverage Corporation employs.
LayoffTalk has tracked 2 layoff events at Monster Beverage Corporation since October 2023, affecting a combined 500 employees.
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