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Diageo’s Bold Restructuring Move | Durham News
Diageo’s sweeping $1.2 billion restructuring is shaking up the booze world — cutting nearly 2,000 jobs (6% of its workforce) to slash costs, boost efficiency, and reignite growth, especially in sluggish North America. The axe falls hardest in Africa, corporate HQs, and Asia Pacific, while the company offloads assets like East African Breweries and a cricket team to shore up cash flow. With most changes set to roll out by early next month, the real test is whether this leaner, meaner Diageo can actually turn around sales and capture market share — or if the pain will outlast the profit. Listen…
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