Home » Markets » General Mills laying off workers as part of push to prepare for post-pandemic landscape: report
General Mills laying off workers as part of push to prepare for post-pandemic landscape: report
General Mills CEO: Consumers during coronavirus realizing kitchen is ‘heart of the home’
General Mills on demand during coronavirus
General Mills has thrived amid the coronavirus pandemic with people worldwide eating more at home over the past year, but the company is downsizing its workforce as part of a push to prepare itself for the post-pandemic future, the Star Tribune reported.
The company saw an 8% net sales increase through the third quarter of its fiscal year, which ended Feb 28.
"Achieving our long-term goals starts with driving profitable growth on our core business, and I’m very proud that we've been doing that over the past year," General Mills CEO Jeff Harmening said at a BMO Global Farm to Market Conference as he laid out the company's new "Accelerate" strategy for growth.
"We’ve been competing effectively and are gaining share across our core markets and the majority of our brands," he said. "That includes fiscal year-to-date share gains in cereal, pet foods, ice cream, snack bars, and Mexican food — our five global platforms."