Mostly Cloudy 47°
Tag:

Business Restructuring

News
Cold Hard Cuts: 7,500 Employees Let Go From North Jersey Company Parting Ways With Ice Cream Cold Hard Cuts: 7,500 Employees Let Go From North Jersey Company Parting Ways With Ice Cream
Cold Hard Cuts: 7,500 Employees Let Go From North Jersey Company Parting Ways With Ice Cream Unilever is saying goodbye to ice cream, and thousands of employees. The global consumer goods company is cutting 7,500 roles worldwide as part of its new "productivity program," the company announced Tuesday, March 19. Many say the move is a cold one, as for the first time since 1922, Unilever is leaving the ice cream business. According to a release, ice cream generated approximately $8.6 billion in 2023 for Unilever. And according to the New York Times, that's approximately 13 percent of the total revenue for the year. Unilever has owned some of the most popular ice cream brands in the…

SHARE

by Cecilia Levine