Tyson Lays Off 10% of Corporate EmployeesTyson Lays Off 10% of Corporate Employees
The company also announced it is laying off 15% of its senior leadership.
April 28, 2023
Tyson Foods is cutting 10% of its corporate jobs and 15% of its senior leadership positions, according to a letter to employees Wednesday from CEO Donnie King.
Tyson did not specify how many positions the layoffs will impact. The affected employees will be notified this week, the letter said.
The layoffs are the latest cost-cutting move for the biggest US meat company by sales as it deals with declining profit and struggles to improve results in its iconic chicken business.
"We will drive efficiency by focusing on fewer initiatives with greater intensity and removing duplication of work," King said.
The company is reorganizing its workforce as well. Automation operations will move to Tyson’s engineering team and sales activities will be placed under its “businesses and growth” team.
Tyson also recently has closed plants in Virginia and Arkansas, which resulted in 1,700 layoffs. And last October, the meat packing company closed corporate offices in order to combine them into the world headquarters in Arkansas.
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