The news comes after the company was acquired by Authentic Brands Group last month.
What happened
Boardriders Wholesale LLC laid off 84 employees within the past two months, according to a WARN notice filed in California.
Why it matters
The layoffs were due to Authentic Brands Group’s acquisition of Boardriders in September, which resulted in a restructuring, according to Boardriders’ letter to California’s Employment Development Department. WARN notices are required under the Worker Adjustment and Retraining Notification Act of 1988 and require companies with more than 100 workers to disclose planned closings and mass layoffs of employees.
Impacted employees include c-suite members, including a CEO, global CFO, chief information officer and chief tax officer. The other employees include directors of design, creative and marketing, among others, per the letter.
Boardriders is headquartered in Huntington Beach, California, and the WARN notice states 72 of the laid off employees worked at its corporate headquarters at 5600 Argosy Circle.
This news brief is based on reporting published by Fashion Dive on 2023-10-19. The original report is linked below.
Fashion Dive
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