Unilever announced Tuesday that its cutting jobs worldwide and plans to spin off one of its business units and slims down operations to drive productivity.
Unilever announced Tuesday it is laying off thousands of workers worldwide and plans to spin off its ice cream unit to become a "more focused company." Unilever, the maker of more than 400 brands, said that it will cut 7,500 predominantly office-based roles in an effort to drive "growth through a leaner and more accountable organization, enabled by investment in technology.
Ice cream brands in its current portfolio include Ben & Jerry's, Breyers, Magnum, Popsicle and Klondike. LAYOFFS SURGED 136% IN JANUARY TO SECOND-HIGHEST LEVEL ON RECORD "Following separation, Unilever will become a simpler, more focused company, operating four Business Groups," Unilever said. The company also owns brands within the beauty and well-being, personal care, home care and nutrition categories.
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