Stone Brewing Restructuring, Lays Off Employees

Stone Brewing Restructuring, Lays Off Employees

stoneBy Chris Furnari of Brewbound

Citing slower growth and an increasingly more competitive craft beer landscape, San Diego’s Stone Brewing Company today laid off more than 50 employees as part of what it termed a “restructuring.”

Cutbacks extended across the entire organization, Brewbound has learned, including personnel in sales, marketing, media, administration, and production.

In a statement, new Stone CEO Dominic Engels, who joined the company on September 6, blamed the downsizing on “recent declines in domestic growth for the category and for Stone.”

“Due to an unforeseen slowdown in our consistent growth and changes in the craft beer landscape, we have had to make the difficult decision to restructure our staff,” he wrote…CLICK HERE TO READ THE FULL STORY AT BREWBOUND.COM

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