Brown-Forman, the parent company of Jack Daniel's whiskey and Woodford Reserve bourbon, is laying off approximately 12% of its 5,400 employees.

Forman, which is expected to generate savings up to $80 million annually, comes as inflation and changing consumer preferences cut into spirits sales.

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Spirits giant Brown-Forman Corp. said Tuesday it's reducing its global workforce by about 12% and closing its hometown barrel ...

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Consumer companies ticked down as traders awaited key consumer-inflation data Wednesday. Brown-Forman said it would cut about 12% of its global workforce, or about 648 jobs, as the Jack Daniels ...

LOUISVILLE, Ky. — Louisville-based Brown-Forman Corporation announced Tuesday it will lay off more than 600 workers and close a local facility in a major restructuring of the company.