THE WHAT? Amway has announced that it is to cut around 6 percent of its global workforce, approximately 900 roles, with the majority to be axed from the direct sales giant’s West Michigan HQ, according to a report published by MiBiz.
THE DETAILS Eligible employees have been notified about a ‘voluntary separation plan’ and have 45 days to opt in. After the cut off, involuntary separation will be decided by function. The lay offs are expected to take place between July and 2021’s close.
THE WHY? The redundancies are part of a wider restructuring which will see the company shift focus to concentrate on its health and wellness business and invest in its digital footprint, MiBiz reports.