Callaway Golf to cut workforce by 12 percent

Photo: Callaway GolfCallaway Golf Co, grappling with weak demand for golf equipment, plans to cut 12 percent of its workforce to reduce costs. Callaway said the job cuts would impact all regions and levels of organization and that the cost-cutting initiative would sharpen its focus on its core brands, Callaway and Odyssey. The company has 2,100 employees, according to Thomson Reuters data. "The company's business has not recovered at a satisfactory pace and we are taking actions to accelerate

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