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Diageo to Lay Off 305 Workers at FiDi Hub as US Alcohol Falls

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Sig3.25Sen-3.45Env0.00Soc-4.53Gov-0.90

Diageo will permanently lay off more than a third of the workforce at its FiDi office, cutting 305 roles starting Sept. 30. The move follows a $1.2 billion restructuring linked to difficulties in North America, where sales fell 8.4% amid a U.S. tequila consumption drop and weaker alcohol demand, even as Latin America/Caribbean (+7.7%) and Africa (+13.3%) posted gains.

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