Budweiser APAC not cutting thousands of jobs, AB InBev says
Bloomberg reported on Thursday that Budweiser APAC, controlled by AB InBev, the world's top brewer, was looking to cut operational costs by about 15% this year, including via thousands of job cuts, on top of a 16% cut to its workforce of some 25,000 employees last year. "The news report about thousands of job cuts planned for Asia in 2025 is not true," an AB InBev spokesperson told Reuters.