Callaway Golf Cuts Workforce by 12%
Posted on July 13, 2012Callaway Golf has announced plans to reduce it workforce by 12%. The company has sold its Top-Flite and Ben Hogan brands over the past few months. Reuters says the company has been dealing with weak demand for golf equipment.
On the positive side, the company says it has made changes to its 2013 product line. Chip Brewer, President and Chief Executive Officer of Callaway, said in a statement, "I am very excited by the consumer-oriented changes we have made to our 2013 product line and look forward to providing more information about those new products later in the year. There is certainly more work to be done, but I am very pleased with the progress we have made in just the past few months and am excited by the potential opportunities I see for the Company's turnaround."