Anheuser-Busch, the maker of Bud Light, confirmed this week is laying off hundreds of positions across its US corporate staff. In a statement to The Associated Press, the beer maker said the layoffs will impact less than 2 per cent of its workforce. Anheuser-Busch's website says the company employs 19,000 employees nationwide. Warehouse staff, drivers and other frontline employees will not be affected, the company said. The job cuts arrive during a rocky time for Anheuser-Busch, which has seen a months-long sales decline for Bud Light since April when conservative critics vowed to boycott the brand after the brewer sent a commemorative can to transgender influencer Dylan Mulvaney. Bud Light has also faced backlash from Mulvaney's supporters and LGBTQ+ rights groups, who say the brand didn't do enough to support her. Mulvaney later shared that she felt abandoned by Bud Light, and faced more bullying and transphobia than I could have ever imagined" over the partnership. Bud Light is
The Hong Kong IPO consists of 1.63 billion shares of Budweiser Brewing Company APAC Ltd. offered at HK$40 to HK$47 each, according to terms of the deal obtained by Bloomberg on Tuesday
An SEC investigation found that the company used third-party sales promoters to make the improper payment
SEC investigation found that Anheuser-Busch InBev SA used third-party sales promoters to make improper payments to officials in India to boost sales and production