Kraft Heinz cuts 2,500 jobs
A company spokesman said the cuts will ‘enable faster decision making, increased accountability and accelerated growth.’ HTC is also laying off 15 percent of its workforce.
All jobs that will be cut are based in the U.S. and Canada, totaling five percent of the current workforce for Kraft Heinz Co.
“We have developed a new streamlined structure for our organization to simplify, strengthen and leverage the company’s scale,” spokesman Michael Mullen said in a statement. “This new structure eliminates duplication to enable faster decision making, increased accountability and accelerated growth.”
Several reports have stated that the company aims to slash $1.5 billion in annual costs by the end of 2017.
For its part, Kraft employees will move out of its suburban Chicago campus in favor of a downtown location that is sure to appeal to millennials and its creative workforce.
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