Major alcohol company shrinks workforce by nearly 2,000
The global alcohol giant Diageo has downsized its workforce by nearly 2,000 employees as part of a major restructuring effort, according to its annual report for fiscal 2026. The London-based company, which operates over 200 brands in more than 180 countries, reported an average of 27,938 full-time-equivalent employees, a decline of 1,922 employees or 6.4% compared to the previous year.
Diageo's restructuring plan, which includes a new operating framework and supply-chain changes, is expected to generate around $1.2 billion in savings. The workforce reductions were uneven across the company, with the largest cuts in Africa, Corporate and other, and Asia Pacific. The company expects to implement 90% of the changes by September 1, 2026, as part of its turnaround strategy.
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