The Brewers Association announced yesterday that the organization has laid off 23% of its workforce due to operational budget cuts in anticipation of reduced revenue. The association has also enacted tiered salary reductions for the management team.
The BA cancelled the annual Craft Brewers Conference scheduled for earlier this month and SAVOR in Washington DC in May, both revenue generators for the group. With industry events in September already being cancelled such as the California Craft Beer Summit in early September, the BA may be forced to cancel the Great American Beer Festival, also a major revenue generator, scheduled for September 24-26th.
