Heineken will cut 5,000 to 6,000 jobs over the next two years to further reduce costs, the Dutch beer brewer announced with its annual figures on Wednesday. Last year, Heineken generated revenues of nearly €34.3 billion, achieving a net profit of €1.9 billion.According to Heineken, the global workforce cuts will lead to annual cost savings of up to €500 million. The company currently employs over 87,000 people.
My company has been absolutely destroying the workforce. I lost three of my five developers; the fourth one just quit, completely demoralized. The layoffs were not performance-based; instead, those with the least redundancy owed were let go. And all the while the company is bragging on LinkedIn about cash flow, earning margins, etc, vastly exceeding projections. If I didn’t have such a large redundancy package waiting for me, I’d quit as well.