Diageo’s total headcount fell more than 6% year-on-year by the end of June, its annual report showed, as the world’s top spirits maker embarks on a restructuring under new CEO Dave Lewis.<\/p>\n
The company, which owns Guinness, reported an average of 27,938 employees on a full-time equivalent basis, excluding staff of associates and joint ventures at the end of fiscal 2026, down from 29,860 in the previous year.<\/p>\n
Most of the reductions across its regional markets are expected to be completed by September 1, implying that the final number of impacted staff could be higher.<\/p>\n
Diageo declined to comment on Reuters’ request seeking details about the job cuts.<\/p>\n
Lewis, nicknamed “Drastic Dave” for his history of cost-cutting at Tesco and Unilever, had said the changes in headcount were focused on global back-office functions and areas of “massive duplication”. He has been leading Diageo since January.<\/p>\n
As part of a $1 billion savings plan, Diageo intends to lower prices on some brands and expand in fast-growing categories, including Guinness and canned cocktails.<\/p>\n
In July, Reuters reported that some Diageo teams were cutting around 20% to 30% of their staff as part of deep reductions in overhead.<\/p>\n","protected":false},"excerpt":{"rendered":"Diageo’s total headcount fell more than 6% year-on-year by the end of June, its annual report showed, as…\n","protected":false},"author":2,"featured_media":514236,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-597925","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/597925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=597925"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/597925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/514236"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=597925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=597925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=597925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}