Quiksilver is reportedly cutting over 40 jobs from pay roll. The below message was emailed to employees on July 2nd outlining the changes. It was sent on behalf of President Rob Colby and CEO Craig Stevenson.

We have identified a number of initiatives that will help us to achieve our goals, many of them associated with globalizing our business such as increasing the number of global products we sell, centralizing certain functions, and leveraging our marketing efforts across more of the globe. As a result of our ongoing review, we are taking some actions today that result in the elimination of certain positions within the Americas region, specifically impacting 44 current employees. The employees whose jobs are being eliminated will be individually notified today and provided with a fair package of financial and transition support. Our Human Resources team along with department leaders will be personally involved in every notification conversation.