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Diageo’s Bold Restructuring Move | Business and Finance News

Diageo’s Bold Restructuring Move | Business and Finance News

Published 1 week, 3 days ago
Description

Diageo’s bold restructuring is shaking up the drinks giant as it slashes nearly 2,000 jobs—mostly in Africa—to slash costs and revive its “winning culture” under new CEO Sir Dave Lewis. With a £740M savings target over three years, the company is cutting deep into finance, tech, and HR while boosting affordable products like Guinness and canned cocktails. Though Europe saw job gains thanks to strong Guinness sales, layoffs are expected to continue, signaling a major overhaul aimed at future resilience.

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