Traeger is looking to cut costs and they are implementing some major actions to do it. In an SEC filing that was released, they revealed that they are laying off staff, suspending operations of Traeger Provisions and postponing manufacturing efforts in Mexico. Their Board of Directors approved the actions at a July 18th, 2022 board meeting.
In the filing, Traeger gave no indication of the magnitude of the staff cuts. They expect costs of approximately $3.9 – $4.3 million related to severance, termination and suspending operations of Traeger Provisions.
