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Campbell’s cuts 13% of salaried jobs and dividend in $500M cost plan

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Sig3.73Sen-4.22Env-0.06Soc-4.14Gov+0.05

Campbell’s cut 13% of its salaried workforce as part of a plan to slash $500 million in costs by 2030, with CEO Mick Beekhuizen citing weak performance and the need for decisive action. The company also plans a 36% quarterly dividend cut. Snacks sales fell 12% and meals and beverages sales dropped 4%, with organic sales expected to decline 2% to 4% in fiscal 2027.

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