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Callaway Golf Lays Off 154

Carlsbad-based Callaway Golf laid off 154 employees Oct. 18. The layoffs were announced in August, said company spokeswoman Michele Szynal. She attributed the layoffs to Callaway consolidating its manufacturing and improving on processes.

Callaway, which manufactures golf balls and clubs, reports third-quarter earnings Oct. 30. In a statement Oct. 14, it said it expects a loss of 12 cents to 14 cents per share on net sales of $213 million. In the year-ago quarter, net sales were $236 million.

Callaway trades on the New York Stock Exchange as ELY. Shares closed Oct. 24 at $9.40, down 20 cents from the previous day’s close.

, Brad Graves

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