Even Warren Buffett can't escape the recession. The billionaire's Berkshire Hathaway-owned Borsheim's has laid off 13 employees.
Company spokeswoman Adrienne Fay on Tuesday confirmed the cutbacks at the jewelry company.
Borsheim's saw a good performance at Berkshire's annual shareholder meeting last month. But Fay says falling sales that began last November have forced the layoffs.
In a statement, Borsheim's President Susan Jacques called the layoffs devastating.