Topgolf Callaway Brands Corp. | Layoff Event
Summary
Topgolf Callaway Brands announced on November 7, 2025, the elimination of approximately 300 positions. This decision was made in response to the impact of incremental tariffs, with the company's CEO stating no further headcount reductions are anticipated.
Layoff Details
- Reason
- Response to the impact of incremental tariffs.
- Rehire Timeline
- No further headcount reductions expected.
Market Impact
The company's share price increased by over 6% in after-hours trading following the announcement, indicating a positive market reaction to the cost-cutting measures.
Industry Context
These layoffs highlight how global economic factors, such as tariffs, can directly influence workforce decisions even in the sporting goods and entertainment sectors. Companies are actively seeking ways to mitigate financial impacts and improve efficiency.
Stock Performance Around Layoff
Company Info
- Industry
- Leisure
- Headquarters
- Carlsbad, CA, United States
- Total Employees
- 30,000
- Stock
- MODG
- Market Cap
- $1.94B
Disclaimer
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