IBM announced on Wednesday, January 25th that it will be cutting roughly 3,900 positions, or 1.5% of its global workforce, as a result of the previously announced spinoff and sale of two business units. The company changed its name to Mondelez in 2012, retaining its snack food business and spinning off its grocery operation to a new company, called Kraft Foods Group. Mondelez: Operating Leverage May Not Continue In 2022 (MDLZ) During Covid our RDR here in MN was no where to be found, I shouldn't say that, she probably could have been found 13-Sep-2022 at 15:37 GMT. Its a bummer to miss out on that.. Compounding existing supply chain problems, in August the company was hit by a four-week labour dispute at three of its Nabisco plants, with workers striking over pay and contractual issues. In its 2022 annual earnings report on January 31, Mondelez, which owns a slew of popular snack brands like Cadbury, Ritz and Oreo, reported a nearly 10% Sure looks like the one thing in common with everybody let go is they are a middle aged white man, Interested in company but Glassdoor sucks. Oreo factory shutdown: Mondelez to close N.J. Nabisco plant, but She and Alex have had a very collaborative relationship in supporting the integration and continue to work closely together, said Guzzinati. Topics covered: manufacturing, packaging, new products, R&D, and much more. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. We were part of the last group to go. A weekslong strike by Nabisco employees in five states ended on Saturday, as their union announced that its members had overwhelmingly This is a BETA experience. We are technologists with the nuanced expertise to do tech, digital marketing, & creative staffing differently. This cookie is set by GDPR Cookie Consent plugin. Amidst rumors of a potential bankruptcy or sale, Davids Bridal announced it will lay off 9,236 employees across the United States. Digital Marketing Manager for Mondo National Staffing Agency. What the wave of tech layoffs tell us about the economy The third area where he says he sees big growth potential is in premium, which is another area where Mondelez is underrepresented., Van de Put explained: We have three brands Toblerone, Green & Black, and Hu and we are expecting with those three brands, which all play very specific individual roles, to take a bigger piece of the premium segment.. It felt like we were really immersed with them, so just the disillusionment of them walking away from everything, it felt like none of it was real.. The market expects Mondelez (MDLZ) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2023. | 2 p.m. Markets However, I think it's becoming a big problem because the turnover is so high. Mary Josephs, the founder of the boutique investment firm Verit Advisors, helped Clif Bar set up its ESOP back in the spring of 2010. The coronavirus pandemic caused a shift in snacking habits that stunted some of the key purchasing channels for energy bar makers, according Morningstar analyst Erin Lash. After an early March announcement that Meta would be conducting a second round of layoffs that would potentially affect thousands in its workforce, it was confirmed that 10,000 of Metas workforce would be laid off. Former employees say it was back in 2018 that problems began at Clif Bar. After an eventful year of teaming up with the likes of Pandora and Splice, in early August 2022 SoundCloud CEO, Michael Weissman announced that the online music streaming community platform would be reducing its global headcount by around 20%. dataLayerNews.related_tags = sanitize_gpt_value2("Mondelez International, Snacks, Chocolate"); Clif Bar declined to respond to specific questions from Forbes about the sale and the expected payout to its workers, citing the privacy of our employees. It described the acquisition as an investment in the companys future growth and longevity. Snacks Are there more missions to come? Let Food Dive's free newsletter keep you informed, straight from your inbox. You may opt-out by. Grimes successor, Alexandre Alex Zigliara, was named president of Clif Bar in an internal announcement on January 18, said Guzzinati, noting that Alex has been leading the integration of the Clif business since we announced the acquisition last August. Prior to his role at Clif Bar, Zigliara spent a year as senior vice president of strategic growth channels at Mondelez, and 17 years at Coca Cola, including as the president and general manager of its business in Italy and Albania. The tech industry is always in need of talented professionals and there is no sign of that changing anytime soon. After losing roughly 400,000 subscribers in Q3 of 2022, DirecTV continues to struggle to keep up with streaming entertainment services. Disney announced it plans to cut 7,000 jobs and $5.5 billion in costs as part of a vast restructuring initiative that would see it split into three new divisions: Disney Entertainment, an ESPN division, and a Parks, Experiences and Products unit. 50 employees are laid off within 30-days or less, Companies that had mass layoffs last year, Top industries to apply to after youve been laid off, strategy for more sustainable growth moving forward, top salaries in social media and digital marketing, The Evolution of Work: 9 Trends That Matter, Pay Transparency: What States Have It & Why Its Important, Take-Home Assignments: the Biggest Mistake for Hiring Managers. On Feb. 6, Dell announced plans to cut approximately 6,650 jobs, or about 5% of its global workforce, amid decreasing demand for personal computers. Companies are in need of talented marketers to help them reach their target audiences online in new and innovative ways. The layoff news was confirmed by Snap spokesman on August 31st, 2022 noting the layoffs were in an attempt to bring down costs.