jrefior, 2 months ago

"Unilever said on Tuesday it would spin off its ice cream unit, home to popular brands such as Magnum and Ben & Jerry's, and cut 7,500 jobs in a new cost-savings programme.

"Investors cheered the plan, sending shares in Unilever, one of the world's biggest consumer goods companies, up nearly 6% at one point."
https://www.reuters.com/markets/deals/unilever-spin-off-ben-jerrys-unit-launches-cost-savings-plan-2024-03-19/

Unilever had a profit of $7.75 billion last year.
https://hachyderm.io/@jrefior/112038320294654426

#corporations #layoffs #investors #inequality