Big Ass Solutions has cut 3 percent of its work force, or 39 employees, the company said in a Friday afternoon news release.
The company employs 1,067 employees globally. The affected employees spanned all departments and included employees at all levels, said company spokesman Josh Kegley.
“This year alone we hired more than 190 employees and, unfortunately, we found ourselves staffed incorrectly for our current and future needs,” Chief Operating Officer Jon Bostock said in a statement. “As a result, 3 percent of our work force was released this week during a company-wide restructuring to ensure continued growth.”
The company’s strategy will carry it “on an aggressive growth trajectory into brand-new products categories and markets in the coming years,” including the opening of new retail and distribution centers through the United States and new headquarters in Europe and Asia, Bostock’s statement said.
Big Ass Solutions provided what it called “generous severance packages to all affected employees.”
In a 2015 profile of Big Ass Solutions on Entrepreneur.com, Big Ass founder and chief executive officer Carey Smith said, “Staffing is always the most expensive place to cut. It doesn’t save y’all that much money — there’s money involved, but not that much money.”