ServiceMaster Brands moving headquarters out of Memphis
(Source: WMC Action News 5)
By WMC Action News 5 Staff | March 4, 2021 at 4:06 PM CST - Updated March 4 at 5:19 PM
MEMPHIS, Tenn. (WMC) - Memphis-based ServiceMaster Brands is leaving the Bluff City.
The Memphis Business Journal reports the company is relocating its headquarters to Atlanta and job cuts are on the way.
ServiceMaster Brands sold for $1.5 billion last year. It is now owned by private equity company Roark Capital.
MBJ reports some employees will relocate to Atlanta while others work remotely in Memphis, but job losses could top 50, according to their sources. Layoffs are expected by the end of the year.