Diageo Cuts Headcount by Almost 2,000 in Fiscal 2026
MT Newswires Live00:16
Diageo's (DEO) total headcount dropped to 27,938 at the end of its fiscal 2026 in June, from 29,860 a year ago, according to the company's annual report.
The figure excluded employees of associates and joint ventures, the report said.
The company said it is investing $1.2 billion on a two-year restructuring plan, with 90% of the planned changes expected to be completed by Sept. 1. The restructuring is expected to result in roughly $1 billion in savings, Diageo said.
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