A former Anheuser-Busch executive warned that Bud Light’s continuous decline in sales will lead to more layoffs amid a months-long boycott that was initiated in early April, saying that “more employees” could be “at risk.”
The executive, Anson Frericks, a former president of operations for Anheuser-Busch, recently spoke with Fox Business Network’s “The Claman Countdown” and said that Anheuser-Busch CEO Brendan Whitworth should have responded differently to the ongoing controversy. Mr. Frericks said that Mr. Whitworth should have responded by saying, “‘We wouldn’t do this again ’cause we’ve lost billions of dollars of market cap. Our brands are down almost 30 percent, and all of a sudden, we’re putting a lot of our suppliers at risk, and they’re laying off hundreds of people from jobs at some of their suppliers.'”
