BrewDog has informed employees of an internal restructure affecting “a number of roles across several departments”.
In an internal email written by CEO James Taylor, the Scottish craft brewer and distiller said it had “made the difficult decision to right-size parts of the business” after a year of stagnant sales and persistent losses.
The exact number of roles affected was not disclosed by the brewer, which declined to comment further when contacted by The Grocer.
Net revenues at BrewDog in the year ended 31 December 2024 were flat at around £280m, while pre-tax losses remained substantial at £36.6m, down from £59.2m the year prior.
It is the fifth successive year BrewDog has posted substantial pre-tax losses, with the company last announcing a profit in 2019. Cumulative losses in that time now stand at £148m.
BrewDog drew on its private equity partner TSG for another £20m in funding last year, and also announced the closure of 10 of its UK bars earlier this year in a bid to cut costs.
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Taylor told staff: “As many of you know, we’re operating in a tough and fast-changing market and in order to set BrewDog up for long-term success, we’ve taken time to review our structure and ensure we’re focusing our energy and investment in the right areas.
“As a result, we’ve made the difficult decision to right-size parts of the business. These changes have affected a number of roles across several departments. Impacted individuals and teams have now been informed, and we’re working closely with them to manage the transition with care and support.
“We know change can feel unsettling, and we don’t take these decisions lightly. But we are confident that the steps we’re taking now will help us operate more simply, stay focused, and drive the business forward.
“Looking ahead, Q4 will be a critical quarter for us – and we have a strong, focused commercial plan in place to deliver against our goals. We know there’s still work to do, but we’re approaching the final part of the year with focus and determination.”
Taylor took charge of BrewDog last year after then CEO James Arrow elected to step down after less than a year in charge.
Both the brewer’s founders – James Watt and Martin Dickie – are no longer involved in the day-to-day running of the business, with Watt stepping down as CEO in May 2024, and Dickie announcing his departure this August.
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