XanGo described the layoffs in a formal statement as "part of a long-term strategy to ensure the company is nimble and best able to support its strategic goals and quickly seize developing opportunities with full vigor and commitment."
Lehi, UT -- XanGo laid off about a fifth of its workforce, fewer than 50 employees, at the company's Utah headquarters. XanGo executives said the layoffs were in response to underperforming investments and that all the affected workers are encouraged to apply for new positions at the company as they become available.
