Specialized announces realignment and layoffs

By Lynette Carpiet

Company says it’s focusing on innovation, marketing and supply chain as it reduces its global workforce by 3 percent.

MORGAN HILL, Calif. (BRAIN) — Specialized announced that it has made substantial organizational changes as it tightens up its structure to better serve riders and retailers.

The company said it’s reducing its global workforce by 3 percent. A spokesperson said less than 50 people are being laid off at its Morgan Hill, Calif., headquarters. And the …read more

Via:: Bicycle Retailer and Industry News