Looking to lower its operating overhead by more than $50 million, VSTO will close offices, lay off staff and cut spending, in response to elevated inventory, rising interest rates and inflation that have impacted its top and bottom lines. The Outdoor Products segment will bear the brunt of the restructuring, with the closure of Bell/Giro offices in Scotts Valley, CA, effective Sep. 1, and the relocation of employees to the Fox Racing headquarters in Irvine, CA. It’s likely that some layoffs will come from the consolidation, as VSTO seeks to eliminate ... Log in to view full article.