Anheuser-Busch parent company AB InBev’s cuts affect less than 2% of the company’s 18,000 U.S. employees (roughly 360 positions), as Bud Light and Budweiser sales tank following the Mulvaney partnership, and as Modelo Especial overtakes Bud Light as America’s highest selling beer. Wells Fargo announced plans to the cut just over 100 employees in a Florida WARN notice, with layoffs affecting positions in the state—the bank’s latest cuts after it slashed more than 100 employees in two rounds of layoffs in September, multiple outlets reported. San Francisco-based Twist Bioscience will slash 25% of its workforce (estimated to affect 270 employees), the San Francisco Business Journal reported. Red Hat, a Raleigh, North Carolina-based software manufacturer, started cutting 4% of its workforce, multiple outlets reported, with cuts estimated to affect roughly 760 of its 19,000 employees, according to PitchBook. Redfin cut 200 employees “due to the housing downturn and economic uncertainty,” the Seattle-based company confirmed to Forbes, following two rounds of layoffs over the past year, including one in November affecting 862 employees.

Source: Forbes September 14, 2023 02:54 UTC