Brown-Forman, the parent company of Jack Daniel's whiskey and Woodford Reserve bourbon, is laying off approximately 12% of its 5,400 employees.

Forman, which is expected to generate savings up to $80 million annually, comes as inflation and changing consumer preferences cut into spirits sales.

Brown-Forman (BF-B, BF-A), the parent company of Jack Daniel's Whiskey, recently announced a 12% workforce reduction due to a ...

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Brown-Forman, the parent company behind major American whiskey brands Jack Daniel's and Woodford Reserve, announced that it ...

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