In its latest maneuver to get back on track after a woeful start to 2023, Tyson Foods will eliminate 10% of corporate positions and 15% of senior leadership jobs, according to reports.
The announcement was made to employees by CEO Donnie King in a memo subsequently shared with various news outlets. The memo explained that most affected employees would be notified this week.
The eliminated senior leadership roles reportedly comprise mostly vice presidents and senior vice presidents. In addition, a spokesperson said that the reduction in corporate roles was not due to the move by Tyson to close its corporate offices outside Arkansas and relocate employees to its Springdale headquarters, which led to some employees choosing to leave the company.
Tyson has been working to rebound from a first quarter in which it was “hit in the mouth,” as King now-famously said in the company’s Q1 quarterly call with analysts. In January, Wes Morris replaced David Bray as president of the company’s poultry business, and in March, Tyson announced the closure of two processing plants in Van Buren, Ark., and Glen Allen, Va., laying off approximately 1,700 employees.