Tyson Foods will slash its senior leadership and corporate roles in a bid to improve efficiency, which comes as the company reported dismal financial numbers in the first quarter 2023 fiscal year.
In a memo (pdf) to employees on Wednesday, Tyson Foods CEO Donnie King said that one of the ways the company plans on boosting efficiency is by removing duplication of work. “As we look toward our future, we must also consider the roles and staffing levels across our teams and prioritize work that drives value for our customers and consumers. This means making the difficult but necessary decision to reduce headcount across the organization,” the memo said.
