Report: Callaway to slash 10 percent of global workforce
Equipment Golf Biz

Report: Callaway to slash 10 percent of global workforce

Callaway Golf will reportedly announce cuts of up to 10 percent of its total workforce on Wednesday after the stock market closes, according to Golfweek.

The total reduction will number 150-170 employees, mostly in North America. Others will shift to different roles in the company. The full plan will be outlined as the company announces revised revenue for the second fiscal quarter.

The cuts were instituted by new chief executive Chip Brewer as a cost-cutting measure. The clubmaker lost $171.8 million in 2011, following a loss of $18.8 million in 2010.

Brewer was hired as president and CEO on March 5, leaving Adams Golf to take the job.

About the author


Ryan Ballengee

Ryan Ballengee is founder and editor of Golf News Net. He has been writing and broadcasting about golf for over a decade, working for NBC Sports, Golf Channel, Yahoo Sports and SB Nation. Ballengee lives in the Washington, D.C. area with his family. He used to be a good golfer.

Ballengee can be reached by email at ryan[at]

Ryan occasionally links to merchants of his choosing, and GNN may earn a commission from sales generated by those links. See more in GNN's affiliate disclosure.

Add Comment

Click here to post a comment