Unilever, a consumer goods giant that owns brands such as Marmite and Dove soap, has announced its plans to reduce its global workforce by approximately 7,500 jobs as part of an overhaul aimed at achieving cost savings of around €684 million ($869 million) over the next three years. The company stated that the job cuts would primarily affect office-based roles, and that it would invest in technology to enhance productivity and reduce expenses.
According to reports, Unilever plans to implement several cost-saving measures, including simplifying its corporate structure and streamlining its operations.
The company will also focus on increasing its digital capabilities and automating its supply chain processes, which would help it better respond to changing market conditions and consumer demands.
Although the job cuts are unfortunate news for the affected employees, Unilever’s decision to invest in technology and automation could ultimately benefit the company in the long run.
By optimizing its operations and improving productivity, Unilever hopes to remain competitive in the fast-paced and rapidly evolving consumer goods industry
