Thursday, August 1, 2013

XanGo lays off 20% of workforce – fewer than 50 employees

Lehi-based XanGo, the mangosteen juice marketer that also produces and distributes a skin care line and vitamin supplements, laid off about a fifth of its workforce in response to underperforming investments.

The privately held multilevel marketing company, which at its peak had 400 employees worldwide, laid off "fewer than 50" employees, Dave Webb, the company’s vice president of communications, said Tuesday. He would not say how many employees the company had prior to the layoffs, which occurred Monday.

Workers who lost their jobs will be allowed to reapply for new positions as they become available, and they are eligible for severance packages, he said.

In a formal statement, XanGo characterized the layoffs as "part of a long-term strategy to ensure the company is nimble and best able to support its strategic goals and quickly seize developing opportunities with full vigor and commitment." Salt Lake Tribune