Atlanta, Georgia-based IG Design Group Americas, a manufacturer and distributor of celebrations, stationery, creative play, and gifting products, has announced a major reduction in force.
The reduction will impact 20 employees located in Shorewood, Illinois, effective August 26, 2025.
The reduction will also impact 112 employees in Batesburg-Leesville, South Carolina, effective August 26, 2025.
It is believed that the decision was driven by the company's Buckinghamshire, England-based parent who allegedly sold the Americas operation to London-based private equity firm Hilco Capital for $1 on May 30, 2025.
According to a statement, "The company sold off its American division in May to a London-based private equity company after months of financial turmoil following the bankruptcy of one of its largest clients and “significant pressure and uncertainty from the new trade tariffs imposed in the U.S.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?