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The nation’s largest meat company is slashing jobs left and right as part of an ongoing cost-cutting effort to keep the business afloat.
Due to declining profits and struggles to improve its financial situation, Tyson Foods says it will need to trim 10 percent of its corporate jobs and 15 percent of its senior leadership jobs – and this could just be the beginning.
In an announcement this week, CEO Donnie King explained to employees that the iconic chicken business has no choice but to make these moves in order to avoid a potentially worse outcome for the entire business.
“We will drive efficiency by focusing on fewer initiatives with greater intensity and removing duplication of work,” King wrote in a memo that was obtained by the media.(Related: Last fall, Tyson Foods CFO John R. Tyson was arrested after he was found criminal trespassing in the “wrong home” drunk and asleep on […]
Excerpt Sourced From: americafirstreport.com
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