Hershey is making changes to its workforce in order to align with its long-term growth plans. The company is laying off about 200 employees, or 1% of its workforce, while also adding new roles in areas such as technology and data science.
The company stated, “We remain focused on transforming our business to better position Hershey for success. As part of that transformation, we are making meaningful changes to evolve our capabilities, systems, and ways of working to become a Leading Snacking Powerhouse.”
Hershey had previously announced cost-saving measures across its business, including its supply chain and manufacturing, with a goal of generating $300 million in savings. In February, the company announced plans to cut jobs, with expected costs of up to $60 million for employee severance and related benefits.
Like other food and beverage companies, Hershey has raised prices to offset increased costs, specifically in cocoa. The company has also been impacted by reduced consumer spending. Last month, Hershey reduced its annual profit and sales forecast for 2024, citing a 17% decline in net sales during the second quarter ending June 30.
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Lara Heller graduated from the University of Amsterdam in the Netherlands with a degree in New Media and Communication. During her studies, she specialized in digital media, social media strategies, and content creation. She participated in various digital media projects during her university years, focusing particularly on online journalism and media ethics. After graduation, Lara started working as a content strategist at one of Europe’s leading digital media agencies, where she developed campaigns that strengthened the digital presence of numerous international brands.
