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.