Diageo Announces 150 Lay-offs

Dear Client:Diageo today affirmed rumors that it’s further integrating its beer (Diageo-Guinness USA) and wine (Diageo Chateau & Estate Wines) businesses in North America which will result in 150 lay-offs, effective mid-April. Diageo has roughly 3,700 people working at its North American company. The “total beverage alcohol approach” is meant to cut costs and “will allow it to be more agile,” according to the company. Diageo aims to centralize finance, supply, marketing and other functions within the business. As a