Diageo sheds nearly 2,000 jobs as CEO leads overhaul
Diageo is undergoing a significant corporate restructuring under new CEO Dave Lewis, resulting in a 6% reduction in its global workforce. The company aims to cut costs by $1 billion while focusing on high-growth categories like Guinness and canned cocktails.
Why it matters
The move highlights a broader trend of major consumer goods companies streamlining operations to improve margins amidst shifting global market demands.
Diageo's total headcount fell more than 6% year-on-year by the end of June, its annual report showed, as the world's top spirits maker embarks on a restructuring under new CEO Dave Lewis.
The company, which owns Guinness, reported an average of 27,938 employees on a full-time equivalent basis, excluding staff of associates and joint ventures at the end of fiscal 2026, down from 29,860 in the previous year.
Most of the reductions across its regional markets are expected to be completed by September 1, implying that the final number of impacted staff could be higher.
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