Billabong / More Layoffs to come ?

In more Billabong news, several senior Billabong employees in the Americas were laid off today, including well-known sales executives.

Names on the list include retailer favorites Jeff Booth, Men’s National Sales Manager, Angi Broberg, Billabong Girls National Sales Manager, and Royce Cansler, who handled surf retail relations.

Royce Cansler, Jeff Booth, George Karamitos of Maui Nix, Richard Sanders, and Angi Broberg at Surf Expo in January. Royce, Jeff, and Angi were let go today as part of a restructuring. Shop-eat-surf file photo.

Others with key jobs included Berta Dos Santos, Chris Cole, Shelly Ryan and Mike Figueroa.

Billabong announced earlier today that a total sale of the company is off the table, and that it is exploring refinancing and asset sale proposals submitted by Sycamore Partners and Altamont Capital Partners.

A person with knowledge of the circumstances told me that Paul Naude is still involved in the Sycamore bid.

While the announcement today means that a change in ownership of the company will not happen, I am told management changes at the top are still possible if some of the deals under consideration are approved by the board.

Chosen excerpts by Job Market Monitor

via Layoffs at Billabong, Naude update – Shop-Eat-Surf.com.